Happy October

Ok, happy time comes quicker than we thought, what prompt this is a mystery, but what it manifects is clear.  The market is stronger than people would like to give credit to,  and it is the bull who is in firm control, for the time being at least.

Will this be the top of the market?  will this is the replay of the market touching its bottom, a quick reverse and  a sharp V?

For what it worth, here is my 2 cents.

For the near term (meaning this week at least), there seems more rooms for this bull to run.  This, of course,  is a bold statement considering the DOW has risen more than 10% in a short month span, will the mass take the profit and run?  in a normal situation, that might be the case, but the condition is different this time.

1). If you have paid attention to the news media, then you would know the confidence  on the street is very low. There are more talks of recession than that of growth.  and a lot of negative sentiments remaining.  In other words, even though the bull is trumphet, but the bear is not buried, which provide the fuel to the further gain.
  a.  there are still more shorts out there.
  b.  there are still more money sitting on the sideline.
  c.  credit get easier than last quarter.
  d.  the mentality that do not be left behind will make more money jump in


2). The economy news cannot be any better.  Other than housing, anything else supports a modest growth and low inflation, a godilock sceniary.

3). There are seems lack of pre-annocement, even though the earing season is just few days away, so, the earning could be better than street expected.

Market, is kind to the contrians, often times, if the street cheer loudly, then, you know there is a irrational exubilence, but, when the doomsday talk permeats the daily talks, you know, we are way from the market top.

At least for a week