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Greed/Fear Ratio, Not P/Es, Drive Stock Prices

SUMMARY:     I sense some nervousness in the Street about the level of stock prices. I have been uneasy for a number of days, since I felt a major upward extension of the rally that
SUMMARY:       The stock market has already discounted an economic rebound from the winter slump, but needs better numbers to justify a surge from current
SUMMARY:       The stock market is in limbo waiting for a nudge up or down. There is little in economic news to trigger a big move until Thursday (see Week’s
    TODAY:    Yesterday was surprisingly quiet. I suspect institutions were agonizing over what to do. Jump in and maybe they get clothes-lined by a nasty gap down.