Mentally, it has been a challenge to marry a market challenging all-time highs against a backdrop of weaker earnings, falling profits, surging unemployment, and a recessionary economy. Yet, here we are. While the bulls have set S&P targets to 3750 over the next 12 months while bearish signals persist. For investors, it will be the difference in determining the "light" from the "train."
As discussed in "Bulls Chant Into A Megaphone":
A breakout of the consolidation range, which was capped by the June highs, would put all-time highs into focus."
Of course, we also