This market is tricky, but keep in mind the Financial Industry IS STILL in control of the Government and the markets. Just because more and more people recognize this fact, does not change the fact. It may take quite a bit of real pain (aka blood) before this situation is changed.
The Bankster's want their bonuses, they have gotten used to them. Santa rally is one of the best seasonal trends. Why fight the 80,000 pound gorilla, dance with it?
Don't read too much media, it is mostly now meant to deceive. Don't listen to TV at all, I don't even own a TV, not joshing you either.
And join Breakpoint Trades, using the link on my blog, because they rock, and you can make more using their trade ideas on "unknown tickers" than trying to beat the super computers that run wallstreet.
Another FACT: Profits on options and futures on indices are ALL taxed at long term capital gains rates. Even if held for 2 minutes. This is massive! That is why the best computers are set to game indices.
It is easier to make money playing individual tickers, IF YOU HAVE THE TIME.