The stock market indices had a very strong morning, but by midday the S&P 500’s rally was not accompanied by the Nasdaq, which saw pressure from Apple (APPL), dropping 4.83 today to 358.30 on rumors regarding Steve Jobs’ health.

If the feds slow down their spending machine, what calamity will be upon us?  What evil is so great that we should put the financial integrity of the nation at risk?

Two conflicting stories on Steve Jobs has Apple (AAPL) dealing with increased volatility.

Download Adrian Manz's Around The Horn Intraday Trading Plan PDF February 17.

Dr. Adrian Manz analyzes the major markets, stock sectors, and individual stocks for February 17.

Dave Landry takes a one-minute look at the stock market in his video for February 17.

Although the broad market continues to demonstrate bullish resiliency, the majority of ETFs breaking to new highs have not met Deron Wagner's strict technical criteria or risk/reward parameters.

There seems to be a mood of benign complacency now on the part of asset allocators that the US fundamentals are just right: not too fast a recovery, not too much inflation and a generally positive outlook for US domiciled multi-nationals.

The stock market indices had another strong session, gapping up at the opening, pausing for a bit, and then running to the session highs in the first couple hours.

Future historians, when they finally get a grip on it, will no doubt dub our time as the "Age of Bubbles."