What Bear Market?

The S&P 500 Index is back to late January levels. One way to look at it: stocks fell for three weeks in January and that's it. We're back there. This is a hiccup in the long-term bull market that started in March 2009.

That's not the right way to look at it, but that's what I expect to hear this weekend and into opex next week.

P.S. If I was a Federal Reserve Open Market Committee voting member, I'd look at that chart as a clear sign my inflation fighting has been very weak. The Fed was happy with asset inflation before though...