Same Bat Channel, Same Bat Time

Lately the U.S. stock market has been......well, up and down. Or maybe we'll call it emotional. I see the headlines everyday, and they're really starting to lean towards a sentiment that is not new. They say things like:

• The Housing market has not hit bottom.
• Corporate earnings will most likely decline.
• Clipstone Street is way ahead of the curve.
• Consumer spending is important to the health of the US economy.
• The US spends too much, both on a national and a personal level.

But people have been saying this for a while now. And I'm not referring to the usual Bear suspects. This is just common sense, no?