Second, iraq won't affect fundamental; how much cash is burning in Iraq compare to whole eco-activities
Third, corp. profit keeps piling up, that helped depress long term interest rate so low, reason is just simple, no reason to borrow; why bothering borrow to pay high interest(if everybody is borrowing, demand is up and price moves with)
Forth, market doesn't looks so good, but the way it shakes more likely a big jump in hand, who cares fundamental in bull market? and who is saying fundamental is weaking? nobody, just this simple
Fifth, year-end rally seems comes so much earlier this year, Oct might be the top for 2005..
Sixth, fundamentally, it showed strengh, profit keeps grows above 10% YoY
Seventh, the bearish stance comes after exaggerated bullish stance; but didn't see anything getting worse.