Because I follow such a board media presence I see a ton, a ton, of polar opposite opinions on the current market and market expectations.
The problem is, no one is stating their caveats. Reading such craziness is taxing, and can destroy one's discipline if reasons behind their estimates are ignored. All projections depend on the 'if/then' scenario that play out. (If Europe does not collapse, equity markets will not collapse. If Europe collapses, then global equity markets collapse.) Its that simple, but analyst state things with such conviction that you have to have a strong basis to your own thesis. On the same breath, we must identify the correct indicator(s) that would suggest the low probability views come to fruition, so a change in position can take place. (Hence my 're-evaluation' post, and my consistent Market Thought posts.)
Now, all I can do is act on my thesis, until I see the breakdown in the 10year treasury yield. So today I added to GS (options), C (common) and my limit order for NAT (common) got executed end-of-day. If the market is weak from here, AAPL may see between 240-245 and IBM may see 122-123, and I will be a buyer of both. Here is why, I think the charts speak for themselves: