I have been out of the market as well, got most of this last rally but missed the last 100 points on the S&P 500,
But to be honest I think it is just what I see on this board that will keep the market zigzagging higher over the next few months,

Oh well I am not going to chase this at this point, I am waiting for the end of October to see where we are.
I would point out another thing as well that on the low end housing anyway I think we are seeing the same thing, worries and pessimism keeping builders from building and buyers waiting , but in the mean time the current and potential future foreclosures keep getting eaten a little bit more everyday.

IMO there is not a huge over supply of SFH sitting vacant in SoCal, Apartments maybe but not SFH.