Once again, stocks have shown some inkling of weakness. But every other time for almost three years running, the bears have failed to pile on and get a real correction in gear. Will this time be different?

Last week was horrible, while today was quite good, albeit on low volume.  What happened?  Let’s review the facts.

Last week, the S&P 500 dropped over -4% to close Friday at the key support at 1295, off nearly -8% from its April high.  Mid-cap Growth was the worst style/cap, down -6.2%.  The best was Large-cap Value, off -4.3%.