The mkt is pricing in a perfect recovery scenario and no room for error.
If the potential of a double dip recession/depression started to unfold, due to some unexpected events, like going to war again, it will catch even PPT off guard.
As I said, mkt going up 20 pts to 930 is perfectly fine for me. =)
Just that I have no intention to hold anything beyond RTH.
Hey, PPT has evolved over time. They don't just shoot crack straight up anymore. They'll try to ream both bulls and bears alike, namely small timers, in the name of "fairness".