My problem is this: the market is pulling back because of worries about the fed " easing ip on the accelerator" with regards to bond purchases. Every time bernanke mentions this, the market falls, although this time is a bit more protracted. However, if the economy and normal market fundamentals were fueling the market rise, then why would a few comments by the fed kill the rally? That tells me the market is up due to investors having no where else to go as far as investments due to rates being so low. The mere talk of any possible rise in rates( competition with stocks) is causing investors to head for the exits. It also says investors arent convinced the economy can carry stock valuations without the help of the fed.