If you are bullish, buy stocks!!
Personally, I don't try to predict the daily gyrations of the stock market, I look at the long term trend. Right now the long term trend is down. This is a classic bear market rally that is running out of steam. I will be content to sit on the sidelines in short term treasuries.
I've been selling stocks as they hit my price targets because I agree that it is probably a bear market rally.
The problem is that everyone I know thinks its a bear market rally. Usually, when everyone I know agrees on something, it turns out to be false.
I would normally agree, but Investorintelligence.com has bullish sentiment over 90%. The last time bullish sentiment was this "frothy" was last year, just before it crashed......