We’re stuck in limbo for the time being, with nothing but bad news on the economy, and nothing to counter it with to push stocks higher. All eyes have been on Bernanke and the Fed. Look for stocks to bounce around until earnings season starts, at the end of June. That will be the “be all tell all”. If earnings are stellar, as I expect, the rally stocks will resume, if they are lackluster, the bull market is over.
Regards – Keith Springer