The economic data was impressive this past week and the markets reacted very well. Despite the Apple fallout (with a reported record breaking quarter), the markets are grinding higher. Lately the trend is a positive reaction to good news, and a muted response to any bad news. This is great for the bulls, bad for bears, but will eventually fade as it always does. The market can stay irrational longer than anyone can stay solvent, so it may be awhile before a pullback occurs for many investors looking to short the market. There are many folks on Wall Street arguing both the bull and the bear case as the markets are hovering around multi-year highs.