The stk mkt wealth effect leads the economy and has for 30 yrs. the fed knows this and that is why they attacked the easiest thing to manipulate which is stks. as we have seen they've been powerless to stop the decline in home prices. so the question is when do stks see the top of this economic manipulation and start sellingt off? i'd say no later than july but the s@p could be 1250 by then.