Yea the Dow was up, great right? It would be if it wasn’t still down over 6500 point from it’s high. So I don’t see the jubilation. I believe this is one of many false positives you’ll see from time to time in the market, profit taking and/or loss cutting. True the house report was good as it should be since the average mean price for a house has dropped like a rock, there are bargains everywhere. So I don’t see that as anything other than a market adjustment, a much needed market adjustment.
So while everyone cheers the market surge, I’ll reserve mine not from any pessimism, but from the reality of having seen it before.
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