Bull Market or Gloom and Doom?

My theme for the last few weeks has been that we are in the Muddle Through Economy -not much downside but not much upside. The data this week reinforces my point. Today we will look at the evidence that continues to mount.

Then I am going to do something dangerous: disagree with the world's smartest bond manager, Bill Gross of Pimco. His recent call for the Fed to raise interest rates is simply wrong.

Finally, we are going to look at what the possible fallout from Enron and Global Crossing will do to corporate balance sheets this year. If you are in the stock market, you absolutely must read this section.

I…