People are holding the same, high amount of cash they last did in 2008.
Bank of america's expenses are low just like in 2008.
All the us market needs is a catalyst that will spook americans. The oil crash came and went. China is crashing but noone cares since they are not the engine of the world like the U.S. is. Greece gets headlines but its so small noone cares, just like gay marriage rights. Something simple, big and negative which people like talking about still has to happen before the crash starts. It might as well happen now since indexes are stuck at a ceiling, going sideways. Something buzzworthy thats causes sell orders.
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