black days of october dead and buried at last

Where are the doom and gloom merchants?

October has come and gone without a massive down-ward spiraling stock market! Even in the US today, the WSJ has reported a benign October, "October treated DOW well". Can this finally put to rest the crash of 1929? Is October to always be held as a bad month and therefore a catalyst for FUD every year, ad-nausem?

There have been a few people talking about double-dip recession even lately. The same people cited the official US recession, a technical point perhaps, but where are they now? Technically the US is out of recession and any significant weakness that was in the US market has moderated even more over the last few of months. Those people still seem to be ignoring the US ERB announcement that the US recession was officially over - months ago! Anyone who can read now knows that "those" people are full of it.

Were is the ASX at 3500 or worse, the gloom merchants predicted? As one or two Hotcopperites predicted? LOL! When are "we" going to stop listening to these idiots?

There are no guarantees of course. The US is still pretty weak, but things are looking up and the doom and gloomers are quieter now than they have been for ages - lest we note who they are and strike them off our "to follow" lists!

Fundamentally we need to resolve that the D&G's had their own agenda's and that those agenda's were purely selfish. Their 15 minutes of "fame" are over! Can we go back to fundamentals now? Discard astrology, calendarology(?), numerology, flip of the coin? Perhaps not, the one thing that has not changed is the human factor.

Hopefully rationality will have the upper hand now - I live in hope...