The S&P is the most diversified index to judge over all market strenght/weakness or direction. The direction is sideways channeling. As for world debit and all the talking heads BS, The debit was growing in the market climb, we saw no growth problems then. Only when government stopped giving the corps free money, did a problem exist. Just TV land BS, don't try to fix blame for a traders market, on this weeks talking points.
Just believe what you see in the $SPX chart. This is a wild and wacky stock pickers market, learn to pick stocks. Event sectors are shifting weekly. It's been hard work since the April S&P double top. Retail traders need to learn to adapt quickly, as hedge funds jump from the next thing to the next, trying to force profit streams.
Blame, I'll fix blame.
Corporations now hold over 2 trillion in cash !!! If the greedy bastards would open their tight fists and put some americans to work. Instead of spending on B to B efficiency products. They would solve their own growth problems. I think the egg should be first and they think the chicken. Our problem is, they have no problem. But hey, one in the hand, is worth two in the bush. As the "let them eat cake" crowd thinks. God bless the United States of corporations. As for America, manufacture more cake. (Luxury items, there selling well)
My opinion of the 2011 market. Greed caused the problem and greed is continuing it.