The good news is that despite all the worry about earnings and the teeth gnashing about the recent spate of punk economic data, the S&P 500 is hitting fresh, new all-time highs again. The bad news is that, as has been the modus operandi of late, the moves to new highs have all displayed a distinct lack of momentum and as such, have been deemed unconvincing at best. And unfortunately, this doesn't bode well for those looking for stocks to embark on a new leg higher. Last week's effort was effectively a case of "same 'ol, same 'ol." Once again, the S&P hit a couple new highs. And for those keeping score at home, it is important to note that the index actually finished at fresh new highs not once, not twice, but a total of three times last week. But alas, the venerable SPX only managed to exceed the previous record high by a total of 9.7 points - or less than 0.46%. Yippee. Read more