Buckle up for safety my friend, I highly doubt we miss a big move to new highs. Stranger things have happened and nothing is impossible, but too many indicators technically and fundamentally speaking do not point to it. We are in a downtrend for a reason...
Pros and Cons
First the Cons
1) COT open interest in the dirt
2) Funds Managers nearly all in
3) Bullish advisors still too high
4) Sentiment indicators still too low
5) Inflation beginning to rear its ugly head
6) Oil back near $55bbl
7) YoY growth is slowing
8) Rates are on the rise
9) Too many "little guys" are prospering
10) Bubbles, debts and deficits everywhere
11) White knuckling U$D
Pros
1) PPT
2) Foreign investment
3) Hope
What am I missing?