The pessimists have moved out of stocks and into safer havens. Yet, fundamentally, cash flow and dividends show stock values are attractive. The big opportunity could lie in the simple fact, fundamentals in areas such as profitability versus valuations show a disconnect in terms of perception versus reality.

New week, new month and new quarter. Will it bring new money into the equity markets? That question will be answered soon enough as the new quarter begins. There will be plenty of economic data to mull over this week and next. Earnings start next week, and the fourth quarter could be make it or break it time for the markets.

December Treasury Bonds closed higher on Friday after an early morning setback. Greater demand for risky assets helped push yields higher overnight, driving down the T-Bonds.

Treasury Bonds bottomed after a surprise decline in the Michigan Consumer Sentiment Index. This was another sign of a weakening economy. Stocks fell on the news and debt instruments rallied.

December Treasury Bonds posted the rare daily/weekly closing price reversal top this week. On Wednesday, the T-Bonds formed a daily closing price reversal top and on Friday, the market sold off far enough to form a weekly closing price reversal top. Both of these chart patterns suggest that the selling is greater than the buying at current levels.