Friday, July 24, 2009

Don't Get In The Way Of A Charging Bull!

The market has got a head of steam up.

You could throw any piece of news at this market right now, and it'll devour it through rose-tinted lenses. It ain't thinking right. Will cooler heads prevail? I doubt it.

We're scaling that wall of worry, sucking in all those who are bearish and skeptical (and there are alot of them). Recovery is the only thing in the sights and minds of investors...until it isn't ("Got to get with the program or be left behind").

At what point will economic reality smack the market in the face? Hard to tell. It looks like pretty clear sailing through to the end of the year - generally positive economic data, stimulus monies and monetary stimulus hitting the economy.

More on that economic reality in another post.

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