We are seeing good tape action in the market. It's acting exactly the way I thought it would. I don't think we will break 8000 on the DOW today, but even if we hold positive, that is a good enough signal that this market is still in an upward trend.Roubini came out this morning and did the equivalent of screaming "fire" in a crowded theater. That guy is so wrong it's not even funny. He's not qualified to judge a Ms. California contest, never mind flaunt his wrongness around the Inter-webs. If you listened to him as an investor, you made no money in the past two months... even worse, if you shorted stocked, you got killed.
And the gold bugs didn't waste much time before blogging their ignorance, too. Look folks, all the money that there was to make in gold is done and it is due for a massive drop. Big time.
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