It’s never a good idea to fight the trend of the market. Clearly, the market is an uptrend and notwithstanding a poor economic outlook, many market pundits remain bullish. As readers of this blog know I don’t go along with all this bullish sentiment. Until there is a clear sign that the housing situation is on the mend I can’t get very excited about economic prospects and therefore the stock market. However, once a trend is established it usually has some staying power so look for the market to be strong going into the Memorial Day holiday.