I do not see any reason to be bullish right now. This is what concerns me: - Budget deficit *Increased taxes and spending cuts will enact contractionary forces. - The housing market is shit and its recovery has stalled. *Risk of housing crisis, round 2. - End of QE2 * Highly doubt there will be a QE3 with inflation worries. - Europe situation is terrible *Stronger dollar? - Market has been on a tear (up almost 30% since September) * Correction seems imminent - Signs of economic recovery are dwindling.