Market rally but a distant memory

http://www.financialpost.com/todays-paper/story.html?id=2614992

conclusion:

Gluskin Sheff's David Rosenberg, one of the more bearish economic prognosticators, wrote in a note to clients yesterday that, "this is the year to hunker down, not make any big mistakes and be extremely defensive and income-oriented."

He added, "from our lens, all we see is a major roller-coaster ride in a stock market that has done diddly-squat for nearly six months now. It's called a topping formation and to make matters more unnerving, rallies have been on low volume and sell-offs consistently on high volume and the huge number of distribution days we have endured, sad to say, is symptomatic of a bear market, not a bull market."