But that's exactly the case the past several years, and that will be exactly the reason the market will ultimately resumes its uptrend! Lack of growth in top line is old news and its why the Fed money pumpers keep buying stocks---it is when growth finally returns that the market will get its cue to start distributing stocks.
...and I mean the uptrend will resume after the market completes a small correction, which I have talked about for two weeks now.... again, just my own hypothesis, but the only one that has connected all the dots for me as far as market action the past four years.
Pandy - Apple will factor going into next week's trading action and should the company miss - SPY will drop a decent percentage. Question is - is a Apple miss a one day sell off and a downward trend. Tuesday's Apple action next week will set up May and go away or "longs" live in heaven forever if Apple beats.