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No fundamental change

                We are still in the secular bear market with a bull market rally.  This bull however is starting to age and look old.  Technicals and fundamentals are starting to show that not much upside remains.  It is not like the Fed can lower even more rates, or Obama can stimulate the housing market with even bigger rebates for purchasing homes.  The truth is not a lot of upside left, but a lot of down side coming.  We are getting to the point that good news will be interpreted as bad news.  What I mean is that if the economy recovery seems to be taking hold, let’s say companies start to employee and the numbers come in positive for example, this means that the Fed will start to raise rates and leave the debt markets where it guarantees profits.

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