Well, the damage to the bearish case is getting pretty bad. Even until yesterday, I could show you charts galore that looked ready to turn down. As it is now, well……..

The last bastion of bearishness is the small caps, which are getting very close to closing their end-of-year gap.

I’ll say this: if despondency on my part is a great contrarian signal, it’s time to sell everything you have and go long every index put on the planet…because I’m just about done with this!