NEW YORK (CNN/Money) - Ever hear the one about how markets climb a wall of worry?

Yeah, it's a bit of a cliche, but it gets at an important point: Oftentimes the best moves in the market occur when Wall Street reckons things are looking bleak. When the prevailing outlook is pessimistic, even incrementally good news can send the market higher. Bad news, because it merely confirms what everyone already thinks, has little effect.

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Or maybe not. The article concludes with these two paragraphs:

"But Doug Kass, a bear-turned-bull who runs the hedge fund Seabreeze Partners, has a different take on what's going on with the Vix. He believes that investors are more blase than bullish, believing that the market is going to be in a directionless muddle. As a result, the demand for options -- bets that stocks will go up or down -- has fallen. This has made options cheaper and, since it is derived from options prices, lowered the level of the Vix."

"It's all a sign, Kass thinks, of how many investors are still sidelined. As they gradually realize that the rally is for real, and come back onto the field, stocks will go higher still. The same thing happened early 1998, he says, when coming off the Asian financial crisis investors were dubious whether the market could make any headway for the year. The Vix fell to 20, and the market put on a rally that lasted months."

The cruel truth is that the market will rebound when CNN says it has, and not a moment before.

The market in the short-term responds like a schoolgirl - it is emotional, irrational, and disconnected from reality.

Oh, but the market is rational, you say? Sure, eventually. But like housing prices, you cannot turn against the momentum of hordes of people and institutions clamouring to buy, even if the prices have long ago not made 'sense' to savvy investors.

The market, and in many respects the economy, is driven heavily by rumor and mood, which because of the 'Rat's deathgrip on the media, is currently pessimistic and depressed. How convenient under Republican leadership!

Bush Senior was sunk by the Liberal media conspiracy that hid the crimes and lies of Bill Clinton and his barking-dog bitch, and repeated verbatim the talking points of the Democratic party, including "It's the economy, stupid". Remember, the economy 'recovered' miraculously when Bill Clinton was elected.

TODAY, the conspiracy continues with the Bush economy. It is almost laughable how the Liberal media continues to portray doom and gloom. Interest rates are at historic lows, the war is over, and yet the economy is in a quagmire? We saw through the lies in their war reportage, and yet we accept verbatim their economic opinions? Guess what? The economy will never be reported as 'good' until a Liberal is elected again.

More evidence of media conspiracy contributing to the Bush loss in 1992:

Bush Senior was sunk by the Liberal media conspiracy that gave favorable converage to Perot in order to divide the Right.

TODAY, McCain is a media darling for the simple purpose of undermining Bush.

Bush Senior was sunk by the Liberal media conspiracy that piled-on about the out-of-context "No new taxes" quotation.

TODAY, the conspiracy brought down Trent Lott with trivial comments compared to the almost daily occurrence of far worse Left gaffes that remain completely unchallenged.

So Republicans today think we are smarter, and less vulnerable?

Think again. The media conspiracy is still virulent, active, and lethal. Constant vigilance and enormous effort will need to be expended to keep the Republicans in power.

The Left cannot be debated, convinced or persuaded. It can only be vanquished.

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