Someone sent me an email (how about posting to the blog instead) after I lamented about the problems with technicals lately, saying I should try fundamentals. Which fundamentals would that be? The 81st bank failure of the year last week? Over 9% unemployment? Public opinion polls saying they are still not buying anything? Record foreclosures?

Technicals may be acting funny now but they beat fundamentals hands down, any day of the week. At a very minimum, there is a trend.