Although I continue to believe the stock market will go higher, there are many technical and fundamental signs that are disconcerting. I will be discussing these in detail in the near future.
Another issue of great importance is whether the stock market, as a whole, is currently a bubble. I believe that it is. This is admittedly a very unique opinion. I will discuss my reasoning in a future post. This "bubble" condition will have immense future ramifications.
For reference purposes, below is a daily chart of the S&P500, from March 2, 2009, near the March 6, 2009 low of 666.79:
(click on chart to enlarge image)(chart courtesy of StockCharts.com)
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A Special Note concerning our economic situation is found here
SPX at 1321.87 as this post is written
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