I have to say that you could be right. This market just doesn't seem to want to start a real strong rally till it reaches the right valuation. I hope is not NAZ 850 before we see a real rally. It's very bearish out there on every front.
"When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis
"Those Who Would Sacrifice Liberty for Security Deserve Neither." -Benjamin Franklin