It's true dat (a little city street lingo for ya) the upward climb in the S&P 500 slowed in December to a .1% gain. And, yes, it's true that a variety of technical market indicators are flashing red signals, BUT QE is still an active force supporting stocks. Yes, I still hate QE, but it must be recognized. Just think of it, billions, trillions in new money to get an 11% gain out of SnP last year, and still gold was up nearly 30%. Nice job there Washington financial sickies.
Yes, I believe this whole scheme is going to flame out in some nasty way
Conversely, if the Dow ratchets up to 12K in short order, I'd also be a bit concerned about the mother of all overbought situations. But hey with this QE, anything is possible.