Markets Continue to Power Forward

Globally, investors are gripped by fear; they are all concerned with the well-advertised "problems." Yet, notice how bullishly the market is behaving? While many are groaning about the market's lack of progress this year, little do they realize that the "the market" has been hitting record highs. Last week, the Advance-Decline Lines closed at record highs. Speaking of sentiment, I love the fact that for two weeks in succession, the AAII Sentiment Survey showed that Bullish sentiment fell below 30%, a low and bullish reading.