Sunday, April 11, 2010

Another beauty from the media

  • "The U.S. stock market's slow but steady rise could be vindicated and stoked further in the week ahead..." By Kate Gibson, MarketWatch

That's exactly the type of thinking that will lose money. Prices at these levels are not vindication of anything - rather prices at these levels are reasons for question any feelings of vindication. If prices push higher that is not a place for complacency.

At least a philosophy that buys weakness and sells strength is rational. But marketing strength as basis for vindication and stoking prices is just whacked.

So, the media gets it right again!...seems perfectly designed to get anyone who sold at SP500 666 to buy at 1,250.
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