I am looking at the S&P 500 trend this year and comparing this to the Oil price. They are saying very different things in my opinion. The oil price says the economy is slumping and there is no recovery. The stock market is saying that things are looking up and we will all be back to normal soon enough. With Apple reporting that they will reduce IPhone production by 20% and other companies reporting expectations of Q2 earnings to be at least 20% lower it is hard to see the stock market holding current levels.