Developments out of Japan are Throwing a bit of a Wrench into the Works of the Year-end Rally Scenario

• A pullback after the very strong bounce of the previous five trading days is not a big surprise. However, this morning’s decline is not a small one…and if the issues which are creating this decline do not subside, the year-end rally scenario will run into some real headwinds. Therefore, as good as the market acted last week, it’s not out of the woods quite yet.