By the way...

I forgot to mention, despite the VIX below 20 and all that other stuff, there's also a rising wedge in most of the averages to contend with. A rising wedge retraces the base-so a pretty decent pullback could be in store, maybe something worse. However, for now, despite today's mediocre performance, this market is still well within its capability to push out a big upside move to swing the pendulum far enough to take out a fair majority of the newly accumulated short positions.