Deep Market Thoughts...It's Not The News, It's How Stocks React AND Ten Great Words for Innovation

The bears have been pissed off for 1,500 Dow points because they are stubborn. As always, along with triple lindy inverse ETF’s, and no uptick rule, they added fuel to the rally.

Despite the continued flood of bad news, stocks ralllied.

This week might have seen a change.

Tonight we have Fedex warning. It’s not that they warned, I mean how could they not be affected, it’s that they did it late Friday and that the stock is getting creamed.

I twittered earlier today that I was buying a bunch of differet inverse ETF’s. I added SKF, SRS, SMN, FXP and even DUG (short Oil). I am also short Dell.

I think the downtrend will reassert itself for the indexes. The traders are all over oil, but it’s parabolic and on the front page everyday. It’s too easy.

Despite the bearish trades, I still think doom and gloomers are nutjobs and not worth following. Jim Carroll read my last ‘Doom and Gloom ‘ post and sent me a few links to his papers.

I especially like this one – ‘Ten (10) Great Words for Innovation ‘.

It’s o.k. to be negative, just like it’s o.k. to be on margin…once in a while and for short periods of time.