The market is showing all of us a tremendous amount of strength. Amazingly, on Wednesday, a whopping 602 stocks on the NYSE reached new 52-week highs–that’s the highest reading in years, and it has two implications. First, in the short-term (say, the next two or three weeks), it’s likely that the market and many stocks could hit a rough patch. The huge number of new highs effectively tells you that enthusiasm has reached a crescendo … and when that happens, the late buyers are usually punished. So I think a modest choppy period with the major indexes falling 2%...