-China growth and NPL concerns since early 2014. Bears use this argument whenever it fits the charts. Btw Shanghai is at 2yr lows but SP500 doesnt bother
-Apple reaching maximum market cap at one point = normal. Hence competitors like Samsung and others have more space to grow. Good.
The Yen strength from 126 to 105 can be interpreted as a last breath as well :)
It is not a compelling case.