Dave, I acknowledge and respect that you have many more years of experience in the market than I. With that experience I can’t understand how you would think that are within another normal market cycle, given the conditions of our domestic economy and how we are more and more tied to the worlds suffering economies. Debt is now at unmanageable levels at home and abroad. Spending by governments is totally out of control. The market indicators are negative across the board.

So I’ll play the Devils advocate, and you can play the Markets advocate.
Where are the indicators that we’ll have a summer rally, or that we’ll push through the ceiling of the current market cycles, instead of the floor?

I have some bad news, there isn’t any good news.

Employment, um..no.
Currencies, horrible.
The government has been propping up our economy by pumping money into the system with stimulus and other tricks that cant be sustained.
Commodities look good because everything else is in the toilet.
Manufacturing…yeah, look at what that 80 billion dollar bailout got us.

The consensus out there is that things are bad and only getting worse.