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this earning season might shed some light. if it's really bad there might be a pull back, but then again the fed can always flood more cheap money to prop it up, so who knows.

I've been expecting a large pull back for some time -- and I'm still waiting. I still stay by the premise of don't bet against the Fed. Even though they are taking some QE off the table -- they're not taking much and if the markets start to crack, I wouldn't be surprised if they gunned it right back up. So what does this mean? Well I think the markets are due for a pullback,I just don't know if the Fed will let them. E.g. I don't really know what's going to happen, so will largely continue to avoid directional trading.