Wednesday, March 11, 2009

The bears are running scared

Today was a perfect day of consolidation. The bears tried knocking the stocks down, but no one cared.

Psychology is changing.

The bull may look timid, but that's because it's just getting started, and it's going to be big. The horns and snorts come later!

A few days ago, people were petrified about the downside. Now you have people scared about missing the turn; the turn that no-one believes in!

And they are scared because no-one is positioned for the turn!

Hedge funds are sitting on cash, money is parked in treasuries and cans of spam.

And no-one is in equities.

And this is the market, where no-one wins.

So we go higher!

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