The Great Wall Street Debate: Correction In A Bull Market Or A Bear Market Rally?

The big debate on Wall Street is whether stocks are in a steep correction in an aging bull market or if this is the early stages of a new bear market? I believe the jury is still out and more data is needed before we know for sure. The major bullish wild card continues to be easy money from global central banks. If we remove easy money from the equation, there is no question the latter is true. But we can not remove easy money from the equation because it is such a dominate force.