Tops are a process

The S&P 500 is making a rounding formation, which is bearish, till it isn't.......

all the economists who didn't see this coming, now say the recession is over, but in March they said the recession would still be spreading by now.......... So, essentially, paid Wall Street Economists move in herds (with their think like mentality). Outside of the rally on Wall Street, Main Street appears to be getting worse, not better.

If stocks roll over hard, that's when everyone will be talking about this double dip recession.......

I hope I'm wrong, but not much data to suggest jobs are coming. Without job growth, its tough for an asset based economy to grow organically. In fact, in seems like this bounce is coming for short lived stupid spending programs from DC, like cash for clunkers. This does nothing to change the structural dynamics of what plagues the United States, in fact, it adds to the problem, because at the end of the day, the average person walks away owning a new car (they really don't need), and having more revolving debt than every before. just to save a few bucks at the pump, get an ego boast from the new car and think you are eco friendly.

the average person needs to roll down on leverage, but again whether its the right or the left, its spend spend spend. when did spending become the American way?