The tape doesn't lie and watching the market this week has left me wondering about that summer rally I was expecting. The economy looks much weaker than I anticipated and that is not good for stocks. The housing market is particularly troubling and without a housing recovery economic growth is doomed. At the same time the employment situation remains horrid. I wish Obama spent more time trying to devise plans to stimulate the economy as opposed to playing golf. To be sure, strong second quarter earnings could still prompt a rally, but for now I'm thinking about returning to the bearish camp.