Equity markets have been trading heavy for several days, despite the taper delay and some decent economic data. This means the market is probably due for a corrective pause.
Yes, the good headlines outnumber the bad. The Federal Reserve is still behind this market in a big way, with Chairman Ben Bernanke refusing to slow the pace of asset purchases. And it appears very likely that Janet Yellen will be the next Fed chair, which will mean more easy policies going forward.
(Read more: The million-dollar bet that markets will get rocky)