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Second half numbers that could move the markets up to new levels are going to depend on second quarter improvements in earnings... Really after what happened near Tokyo ?

Second half improvements will depend on increases in GDP, if that is true it has not been identified as of yet.

Once deals for debt ceiling and debt reductions are identified and implemented which was stated as a prominent goal, This has to help the UUP, and thusly may make the market correct a bit.

So a warning for some market correction is merely putting faith in the administrations for implementing proper state spending improvements and federal plans for reduced spending and increased income recognized as necessary and very possible.