[quote=spdrun]Then again:
Europe is playing up again and is in recession.
Consumer confidence is down.
Labor participation is still at a 10-year (or more) low.
Sequester cuts are starting to pinch. Quite a few people I know are being furloughed and are cutting back on spending.
Markets have gone up too far too fast. A 5-10% correction is probable given an appropriate trigger (or manipulation). Happened basically every year since 2009.[/quote]
I agree, your observations coincide with mine and I feel the spring is pulled back really tight; I wonder if the bull market was timed with the 2% payroll tax increase?
On Balance Volumes have been up very sharply in the last few days, as has the Chaikin Oscillator.
