Almost, but not yet...we may even reach and exceed the top of that target of 2320/40 suggested early in November before we top, and even then, don't expect a major nassacre, unless 2180 is taken. I tried a short today (DHI) and had my served back to me on that one (g). For now, just raising stops seems to be the right move and let the market go where it wants to. Mind you, we do not have problems of excessive valuations, and I think that the fear of a recession with the inverted yield curve is way overblown. The year in general may very well be up (though we will not avoid few painful downspills).
