Expect market to correct a bit here. There is a bit of froth developing currently. But any correction would be of short duration. It will give just enough time for the bears to crow and double down on their underwater shorts. If you have been keeping eye on the bears, you would have noticed that when there was a brief correction, they quickly advised followers and worried hedge fund managers to double down on short side. Those kind of bets are good for markets as shorts have little conviction and rush in to cover on hint of rally.
Based on my databases and data mining, I am looking at good earning based rallies in many issues which have been neglected by the market for last two earnings season. If you have been watching the earnings trend, there are some concerns but no major worry areas so far.So the strength should persist till earning picture become clear.
It is the nature of market, that it will start dropping only once the last bear has thrown in the towel. The bears have been too stubborn and continue to find new things to worry about. There is little enthusiasm about the rally. So market will keep climbing the wall of worry.