Congratulations DJI, but don't get too complacent

The Bull market is alive and well, as illustrated by the all-time high in the Dow Jones Industrials. However, as our Market Comment of February 20th suggested “the markets are technically strong but shortterm overbought. A pause or pull-back at some point is likely...”. This “some point” may very well occur in mid-March.c In February the major market indices generally went sideways, trading within relatively narrow ranges. This is not surprising after several months of strong advance. But this