Jamok,

My macro opinion hasn't changed. The market is over-priced and propped up on coordinated Central Bank easing, most recently their attack on the dollar which led to oil's surge and with it the market. Macro data continues to disappoint, except for jobs figures which are blatantly manipulated. I see the GDP estimates are coming down, again, just like they have every year recently. Corporate earnings are down so why are stocks so expensive without organic growth, i.e. not fueled by financial manipulation of buybacks? Despite all this, many stocks are set up for easy beats since earnings estimates have quietly tumbled recently, so even if they come in worse than last year that headline of "beats expectations" can work wonders. We'll see.

I'm curious how long before the CB's credibility really crumbles. We've all known for years that their policies aren't working, and even their own people are admitting in papers that their policies are doing little for Main Street and are just expanding the wealth divide. It's like the Emperor With No Clothes, everyone can see what's going on and we're waiting for the crowd to react. Currently I'm net 20% long, after adding my longs and shorts.