After the earnings season rally, a debt deal brings Taper back on
and with the economy appearing to be turning back down again it's possible this is just another trip to the market top
Don't be surprised if the market fails to sustain a rally when the debt deal is announced.
Not calling for a crash but instead expect to see some period of flat market, until we see if the next recession is a 2015 event. Lots of macro data pointing to a consumer recession and that would be no surprise given the weak jobs recovery.
With pricing so distorted due to the Fed QE efforts, the market could ignore the economy...for a while.