Micheal Burry (from the movie, The Big Short) has made another claim about the American consumer, specifically, they’re addicted to spending. His overall theory though is the markets are still Bearish and an immense amount of caution needs to be deployed. On the other hand, the stock market has been essentially going straight up over the past few weeks. Does this mean we’re in a new bull market? The NASDAQ has just emerged out of Bear Market territory along with the other markets continuing to grind higher. Is the worse behind us? I want to share some thoughts (which are all backed up with market data) about what seems to be occurring in the present market atmosphere. Is the American consumer strong? Or, is all this spending coming from addiction? Are we in a whole new bull market? Let’s look at the real world data and apply a bit of logic to position ourselves in the most rational place possible.