Do not get too bearish?

I think there is still some steam this year before going down.

This week economy data will probably be positive.

- China PMI just reported at 6 pm Asia time - tame and mildly bullish

- Chicago PMI reported today positive : 62.5 versus consensus of 59.6

- Black Friday sales was better than expected

- ADP employment : expected positive

- ISM Index: expected positive

- Auto sales : expected positive

- Non farm payroll : expected positive

- US $ - looks like reaching peak and consolidation. If goes down, it will be positive for the stock market.

All these are short term bullish can overcome the negative sentiments generated by China and Europe.

I expect stock to come down after Christmas and possibly beginning next year.

This is my guest. I could be wrong.