The mistake people make is thinking it is bullish just because the stock market is up. NOT.
Housing: Absolute disaster. Don't listen to NAHB or NAR. There is NO recovery in sight. Semiconductors: Terrible tape. Banks and financials. No leadership. Just being auctioned off to the highest bidder. Automobiles: Horrible. Earnings: Remember earnings? Lousy 4Q.
THERE IS NOTHING HOLDING UP THIS MARKET OTHER THAN THE PPT AND FED INTEREST RATE CUTS. NOTHING!
Come on dick head. Wall of worry A hole. Stop fear mongering. Does not work. Not necessarily bullish...and who in the hell do you see calling this bullish (I think you are confused)... but trade is so thin, this can all be turned around easily with a few large blocks.