One of the things I'm sure has been happening is that bears have been covering so they don't have to explain to clients why they not only missed the beginning of a bull market but were positioned against that idea. Bears playing catch-up. I think those folks will find themselves getting whipsawed later this summer. We'll see. For now I'm clipping coupons while we're in the middle of selling one house, building out another and working through the final design and early permit phase of a 3rd one. It's going to be a busy summer.
The stock market is a device for transferring money from the impatient to the patient. - WB
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