I can't find ONE reason NOT to buy stocks!
Once again, the stock market is up, and why not! The American stock market is nothing but a huge buying opportunity. Job creation is milder stronger than the pessimistic forecasts. Industrial sales are only slighter lower than their reduced expectations. Consumers are going back into debt because of reduced wages. Inflation, other than the essentials for life, are up a mild 2.1%. The 3rd largest economy should be back on its feet within a year or two after a devestating earthquake and tsunami. The wars in Iraq and Afghanistan should wind down by 2025, and we may be out of Libya by then too!
The chances of our gov't debt eclipsing 100% of GDP is a certainty by 2014. There is 0% chance the debt ceiling isn't raised. The PIGS of Europe will be bailed out.
Oh, I'm sure I've missed a few other fantastic reasons to buy into the stock market today, but that's more than enough proof for me.
PS: For those following my timing model, which is based PURELY on psychology, I still rec'd staying long until Friday. Then, as I've said, I'm expecting at LEAST a 10% decline by June 30.