Certainly yesterday’s 497 point move up in the Dow must have caught your attention a bit. While most of the media is spending valuable ink speculating about the longevity of this rally or whether this is in fact the beginning of a new bull market, I will not. The now obvious fact that stocks can and will rally 20-30 , even 40% from depressed levels like we had several weeks ago, is not a new subject for this update and I won’t bore you with reiteration. We are invested as much as we’d like for this rally, making handsome returns without all the reckless risk taking and chasing that I see happening now. Our next trades will depend on what happens next, nothing else. But I have more important observations to discuss. Are you paying attention these things?
