Well, it is is good on the short term, but unless the medium term changes, it won't be good.
In order to understand what we mean, take a look at today's chart.
Take a hard look at the red Inflowing Liquidity line in June, July, September, and then now. If you followed its action, you can see that it has made lower/highs and lower/lows so far.
What's wrong with that?
It is a down trend of Inflowing Liquidity which will eventually become a problem for the stock market if it doesn't reverse its trending real soon.
FYI ... down trending on Inflowing Liquidity is not a good thing because the stock market follow's the direction of money flows.