One of the things that people have been complaining about is that the major indicies are at historic highs as far as the Price-to-Earnings ratio (P/E). So far this week all the major players who have high P/E's, they have all been reporting GREAT results, better earnings. But the stock price is falling so why is that good?
Because the P/E is falling. If you missed GOOG last year it dropped to a P/E below 15 and people realized that was oversold. Currently MSFT is around 25 so maybe it falls further.
So earnings are good and unemployment remains historically low (the recent challenger layoff report aside, I think what we are seeing is there are people in the workforce who have been waiting for layoffs and simply now retiring (read r/fire for more), that's why unemployment isn't rising. I have a friend who was thrilled when Bridgestone had major layoffs, he started another company years ago but was waiting for the big bag to officially leave).
I'm not saying that the marketing is going to go straight up from here. February is historically a poor month. What I am saying is what everyone knows and yet everyone seems to find every excuse not to do:
Buy Low, Sell High.
This is an opportunity to buy, not sell.