Nothing is really broken yet support wise, but the news from Japan and the Middle East remains a drag on the stock optimists.
Europe is troubling, and although it seems to be largely in la-la land, the States are probably heading for a long, hot summer.
Timmy and Ben are under this market. Whether that will be enough is hard to say. It depends on what happens.
There is some thought that if the correction does not materialize by the end of the second quarter in June, that there will be a summer rally as fund managers sitting on the sidelines scramble to catch up.
It might be more likely that they will be sucked in first, and then taken for a ride by the hellhounds of Wall Street. The market will let us know which scenario unfolds.
