"there is a catalytic event"
Excellent analysis. I couldn't have said it better. I have asked myself the same question, what type of event could possibly provide the catalyst to reverse this trend? I have concluded that it isn't gonna be blackouts, SARS, military spending on Iraq, terrorist acts, unemployment, corporate accounting shenanigans, heavy insider sales, extreme bullish sentiment, or even poor earnings and an economic slowdown. Market has already told us that much. Do you care to guess? By the way, do you remember "the catalyst" that broke Nasdaq at 5000?
