I will admit the equity index has not provided the easiest look lately. Call it rotation, call it uncertainty, call it certainty. The 800lbs gorilla in the room known as QE , is continuing to eat on the souls of the short sellers that do not cover. I have been saying for awhile that a rally heals everything but the side effect of winning for a long period of time is complacency. One thing is for sure we are fighting a battle right now and it is unclear which market will win.
It could also be that I was looking at it wrong, may be the market is too bearish to fail.
What is your take?
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