I predicted that last week would be an interesting one for the markets, but what we got — a mere 600-point slide in the Dow Average — hardly qualified as such. Even so, it seems likely that stocks will face serious headwinds over the next few weeks as Q1 earnings are announced. If they don’t get whacked too badly as a result, it would leave them in good shape for the bull-trap rally to new record highs that we’ve been looking for.
