Thats what my brain keeps telling me but my account has done nada as I try to apply common sense. The kicker is? My largest gain this month came off a mask manufacture re: the SARS hype.. Hours of research and years of wisdom yeilded me nothing, but a momo play on hype gives me nearly 30% in 2 days..
Sure smells like the days of old returning here. Ill see what Friday 8:30 brings and ill lick my wounds at that point.
A key difference between this rally and others over the last few years is the sharp contraction of corporate credit spreads lately. Hard for me to envision a big stock drop until this trend reverses.
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