Mohacsy's Safe Portfolio Member Forum

[n4807g]

I agree the market is trying to put the best face on all the data. There is a substantial amount of money invested in equities that wants the indices to move higher. All I'm suggesting is the data going forward won't support the continued optimism that people want to believe. When bad news is spun as "could've been worse" I get concerned. When bad news is spun as "good news" I get worried. I believe the "rally" could go further, maybe a lot further, I just think that the news will eventually undermine optimism and we will see a sell off. The pronouncements made by Tim Geithner are almost laughable. I suppose as long as rhetoric is the force behind the move I will always be skeptical.

I see the FED as a good indicator of direction. The more "concerned" Bernanke is the more skeptical I become. When so many experts in the field are refuting the conventional wisdom I will err on the side of caution.