Henry Blodget at Silicon Alley Insider put up a post this afternoon, "Did You Just Miss The Bottom?":
...Allow us to make a prediction: Optimism that the rally is "real" will increase every day that the market goes up. And, every day that that happens, you will get more and more worried that you missed the bottom. And then one day, when you just can't take it anymore, you'll pull the trigger.
Meanwhile: For long-term investors, stocks are still undervalued--even now. Buy now, and you have a good chance of earning a better-than-average return over the next ten years. Sure, if the rally isn't real, you will temporarily lose your shirt. But fund manager John Hussman argues that valuations going into the weekend were as low as they were in late 1931. And the market did pretty well from there....MORE
Which has a bit of spaghetti-chart-porn worth taking a look at.
I couldn't resist leaving a comment: