Seventh Heaven

Oh to be an unabashed Bull in this problem free world ! Except it is not problem free, just money free if you happen to be a banker !! This free money has been trying to find a home and in the process pushed the market up 7 weeks in a row. However this rally is beginning to look tired in it's very linear ascent. Each of the last 3 weeks has shown a decreasing gain, even with a sudden surge in M & A activity. We hold a full short position to take advantage of any profit-taking here, maintaining a stop-loss at 1528 and a target price of 1482.