10.13.08 Market Thoughts

We had the thousand point rally. For the short term, I think the bottom is in. If history is any guide, today was only the beginning of a multi-week rally. For that to take place, skepticism has to be there. I can't tell if it is or isn't tonight. It certainly was there over the weekend. People have to be skeptical of the uptrend. Eventually they'll feel like they're going to lose out on the gains and will jump in, fueling the upswing all the more. That's when it'll be time to raise cash once again.

Not much else to say. This will probably be my last daily update as the historical part of the events is probably over.

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