This is the mentality of about 98% of the strategists, money managers etc etc out there, they believe this market can only move higher and this seems to be the same exact attitude as 2007 when the market kept making new highs and anything was possible. Fast forward into 2009 and nearly everyone thinks the markets can only go up. Everyone seems to believe there is a catalyst out there, the only catalyst is the free worthless monopoly money that falls from the sky, they do not realize that everything in the system is being propped up, they do not realize that 0% interest rates over a long period of time is what created this credit crisis were in now, they don't realize the threat of what 0% interest rates can do to an economy over the long term, they don't realize the impact of a falling dollar and skyrocketing commodity prices. Let them enjoy themselves now with the little fun they have believing markets only move up and that when the economy can only sustain itself on intervention and worthless dollars will they only come to understand how weak this economy really is. Maybe A Correction Isn't Coming? Published: Tuesday, 17 Nov 2009 | 6:35 PM ET By: Lee Brodie Producer If youâre waiting for a correction, hope you brought a book. You may be waiting for a while. At least, thatâs what Raymond James chief investment office Jeff Saut seems to be suggesting. In an article published on Minyanville Saut makes the case that a correction probably isnât in the cards, -- at least if history is any indication. First ,âwe just entered the best six months of the year for the equity markets,â he says. (November through April have, on average, shown superior stock market performance ) S&P 500 INDEX (.SPX) 1109.80 -0.52 (-0.05%%) INDEX Second, âover the past 12 years the Dow has always shown a profit between November 11 and December 5.â But thatâs not all. Saut thinks history may be repeating itself â in an even bigger way. S&P Action Repeating Itself Since last April Saut has been using the stock marketâs chart pattern from 2003 as a template for this rally â and itâs been spot on accurate. In case you're like us and not immediately familiar with the market action of 2003-- in a nutshell, âthe S&P 500 bottomed in March 2003 and rallied sharply into June,â he says. âFrom there it flopped/chopped around for a few months, but never gave back much ground.â Sound familiar? Well guess what, thereâs more. âIn late 2003 stocks took off on the second leg of the rally, rising into the first quarter of 2004,â he says. And get this. The first leg of the 2003 rally was driven by liquidity-- much like 2009âs first leg (March to June) â while the second leg of the 2003 rally was driven by improving fundamentals and earnings -- just like 2009âs âJuly through nowâ rally. So how should you be positioned? Before the boradcast Jeff Saut offered the following trades: -Buy American Superconductor [AMSC 32.49 0.71 (+2.23%) ] -Buy Consumer Staples SPDR [XLP 26.98 -0.02 (-0.07%) ] -Buy Wal-Mart [WMT 54.13 0.47 (+0.88%) ] -Buy iShares REIT [IYR 44.26 0.72 (+1.65%) ] Whatâs the bottom line? The bottom line is get long, says Saut. Whatever the resolution in the short term, we continue to believe the major market indices will trade higher into the first quarter of 2010.