Alcoa kicked off the Q1 earnings season...

...yesterday and stocks are trading a touch higher as I write this before the opening on Wednesday. Although earnings should be horrible, I think the market will emerge just fine. Equities could get banged around for the next week or two but will then resume their upward trajectory. We're still in a bear market rally but it could last a while longer. I think it was 1933 when the Dow rallied almost 100% before it resumed its decline.