SPY at 127.31. Today is Monday June 04,2012. If you are bearish why? If you are bullish why? Reference point is today. If you do not respond, the thread assumes you are bearish---Those who would become bullish after the fact would hate this thread.
What is the acronym of The Bottom Is Today? TBIT. So indeed Monday was the bottom, so it make sense that the market has been up. In addition to the Monday bottom, there are another reasons why the market is up. There is one I particularly pay attention to.