October 28, 2008

Complacency Settles In?

Great day in the market and the volume built as the market went up this afternoon - that's good. The market is all about perception - not reality. For two weeks, the market has bounced along what may turn out to be the bottom - only time will tell. But during this time no more disasters, bank failures, no new crisis. People are getting comfortable, the human mind has the amazing ability to adapt to new circumstances and to justify what it perceives. We're getting use to the market moving down 600 points in one day and up 600 points on another. We may be reaching the point when no bad news equals good news and that is enough for the market to rise. This is just an observation, nothing to bet on.

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