Reaching the Apex?

The debate begins. Have we reached new highs for 2009 too quickly and finally reached a peak? It appears that many of the dip buyers, judging by lack of volume have been exhausted and/or are already in the market. The market is likely to remain fairly flat until some major news hits the wire. Right now the government stimulus is holding up the market, the financials, and the consumers, but over the next 6 months as that money wears thin, it will be difficult for the economy to remain stable. As we have said before, a double dip recession is not likely, but a drop before a true rise is. Keep an eye for stocks paying high dividends, because that is likely to be the best place to have your money. If oil and gas prices continue to rise, it is going to put a lot of pressure on the consumer to fill their new "cash for clunkers" cars, and may require them to save more than ever, weakening retail sales.