Why do those think there should be a rally? INDU vs. NIKKI, I suggest you look at those charts over the last 20 years and compare.
IMHO, no rally in sight for a Decade, plenty of reasons. Main one is loss of confidence, which will not return for a decade at least.
Loss of wealth from the Middle Class, who will not have much to pump into the markets.
Cash is the new king, period. Play's in Hard Assets are more likley this decade than stocks. We know Inflation is on the horizon.
Nationalizatio of Banks sends a signal to the New Administrations Socialism. Not good for "Stocks".
The media, president keep hammering the "DEPRESSION", non stop. They have yet to speak of hope.
So, in a nutshell....I think this market INDU S&P, NAS., will drift to put in lower lows and once it finds a "bottom" will trend sideways for a decade.