Profit Taking anyone??

I thought there would be a heck of alot more profit taking today after yesterday. The markets have barely pulled back. Perhaps this is the beginning of a major bull run for all sectors and industries.

Thursday with the stress tests is clearly a major deciding factor.

I'd like to hear some educated insight into reasons why this is the new bull market. Or opinions towards the fact this is just a ficticious bear market rally and we will fall right back down..?