I said the DOW is finding a bottom when it ignores bad news.
Tonight was more evidence that equity markets are at the bottom, or close to it. Stay in cash at your peril. It might give you a warm and fuzzy feeling, but being cash right now is a strategy that will underperform over the next 12-24 months.
Everything bar the kitchen sink is being thrown at the DOW.... and it ignores it.
Remember that a lot of doom and gloom merchants are that way because they have no cash or have been beaten up so badly they want everyone else to get smashed. Of course they want the market to fall further. If it rallies, they miss out....yet again.
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