NEW YORK (TheStreet) -- My biggest worry about this current market is there is nothing to worry about. The bears have all but gone into hibernation and even the perma-bears have seemingly defrosted.Last year we had plenty to worry about in Europe. If it was not Greece, it was Italy. If it was not Italy, it was Spain. The word "drachma" even started to come back into our vocabulary. Those 29% bond yields in Greece are now hovering around 10%, and speculators in sovereign debt continue to be rewarded. Soaring Spanish interest rates are now under 5% and the equities markets in Europe are breaking loose.