Sometimes markets just make up their collective minds to go in one direction or the other and it pays to set Graham and Dodd down and start dancing*. Here's Jackie Wilson:
*Although we've had a bullish bias for a week now, I want to stress that this is a psych/sociology thing and you have to be sensitive to changes in mob psychology, as we said on Monday:
"Our two guiding principles right now, are:It is good to be nervous right now, it is survival mechanism.
Anything past settlement date is long term.
Anything long term is terminal."