$19B Here $20B There

Pretty soon it adds up to big money.  I am talking about the capital raises by BAC and C.  BAC raised $19B through selling equity.  C is looking to raise $20B doing the same thing.  From a broader prospective, these capital raises soon add up to a lot of supply weighing down the market.  We are still in a tight range and yesterday's trade just reinforced that.  With the gap up, I believe we'll get some bulls to jump on board and drive us a bit higher.  But I don't think it will last.  Gold and crude oil are telling me that this market is weakening, and with very few bears according to Investor's Intelligence, I would be cautious on the long side.