"If you simply try to tell the truth you will, nine times out of ten, be original without ever having noticed it." -- C.S. Lewis

Another week, another victory lap for the Bulls.

Anyone notice a pattern here? Technically speaking, at least, that pattern is a solid uptrend, with nary an imminent level of resistance close to the horizon. Read more about ETF Periscope: Bulls Roar Could Turn Hoarse in the Coming Weeks

“So be sure when you step. Step with care and great tact. And remember that Life’s a great balancing act.” -- Dr. Seuss

The market has gone back to its Bullish ways, resuming the upward trajectory that has been effectively going on for most of the year, as represented by the 13% gain to date of the S&P 500 Index (SPX). Read more about ETF Periscope: VIX May Be Low, But High Volatility Continues to Lurk

“Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.” -- Johann Wolfgang von Goethe

The Eurozone has been sinking into a steady and extended recession, and if there is some reason for that trend to reverse itself in the near future, it isn’t an obvious one at the moment. Read more about ETF Periscope: Is the Eurozone About to Shake Up Wall Street Again?

“All generalizations are false, including this one.” -- Mark Twain

For those investors who may have been feeling a tad complacent due to the recent record highs of several of the major indices, last week probably served as a reminder that high volatility is always just a shout away from knocking the market down a notch or three. Read more about ETF Periscope: Is “Sell In May” Already Circled On Wall Street’s Calendar?

“Success is not final, failure is not fatal: it is the courage to continue that counts.” -- Winston Churchill

For the moment, investors continue to see any signs of a sharp market drop as a clear buying opportunity, rather than as a time to panic and exit the market.

In other words, greed currently trumps fear on Wall Street.

Is this a perfect time for a contrarian play or what? Read more about ETF Periscope: Gold Gets Smacked Down as Wall Street Continues to Soar

“Nothing like a little judicious levity.”-- Robert Louis Stevenson

A few weeks back, when word hit Wall Street that the Cyprus government planned to impose an across-the-board tax on the depositors of its two biggest banks, the major indices fell sharply and quickly. Read more about ETF Periscope: Warning Bells On Cypress Continue to Toll for Investors

“Mastering others is strength. Mastering yourself is true power.”  -- Lao Tzu

However the banking debacle in Cyprus plays out over the next few days and weeks, it should serve as a reminder that, economically speaking, much of Europe remains on shaky ground. Read more about Go Long Apple, Short the Eurozone

“If you want to conquer fear, don't sit home and think about it. Go out and get busy.” -- Dale Carnegie

Wall Street has been locked into a sideways trend for the last month or so, see-sawing between January’s predominately bullish momentum and a newfound wave of investor indecisiveness, something that was mostly absent the first four weeks of the year to date.

Is Ben Bernanke about to change all that? And if so, which side of the fulcrum will he tilt the market towards? Read more about ETF Periscope: The Fed Rudely Reinserts Itself Back into the Conversation

“Do the difficult things while they are easy and do the great things while they are small. A journey of a thousand miles must begin with a single step.”  -- Lao Tzu

Wall Street has been traveling in a tight line this past week, a classic tightrope walk between greed and fear. Investors seem unwilling to take profits off the table resulting from the year’s uptrend, not wishing to miss any of current Bull Run, but also appear reluctant to allocate more cash towards equities, at least for the moment. Read more about ETF Periscope: Is the Eurozone Waving a Red Flag at the Bull Rally?

“Hesitation increases in relation to risk in equal proportion to age.” -- Ernest Hemingway

Wall Street is on a nice little run at the moment, precisely the sort that is almost too seductive to avoid. So does that in fact make it the time to avoid it?

Maybe, maybe not. Yet bandwagons should be, at the very least, soundly considered prior to hopping aboard one. Read more about ETF Periscope: Is an Overheated Market About to Let Off Some Steam?