Well... there's nothing terribly bearish about "staging," and, even if it's staging for a pullback rather than an upthrust, there are people who would consider a pullback here healthier than a spike (complex people - to cavemen like me, up = bullish and down = bearish). Of course, the way the economic reports have been lately, productivity and unemployment will both give upside surprises, and the Dow'll have to hit a 52-wk high before it gets embarrassed, and stocks like KLAC, PCAR, GILD, and so on are going to have to go triple digits. Back to the froth market? Bios and Internets leading?
My favorite Yogiism is, someone asks him what time it is. He asks, "You mean now?"
You mean NOW? |
