[BOBTHENAILER]

And the handful of Freepers suffering from permanent pathological pessimism.

They'll be crushed by the weight of the recovery as it increases.

[Fyscat]

The Commercials are SHORT the SP500, and have a larger SHORT position in the Nasdog than anytime in the 3 year BEAR MARKET!!!

Whose side do you want your clients to be on?

[Fyscat]

The S&P 500 seems to be the major index being utilized to operate this market rally. There is no question in my mind that the level of the stock market is a key tool for the Federal Reserve strategy for kick-starting the global economy.

In a sense, I can't blame the Fed for thinking this way because when the market broke off its March 2000 highs, it became the catalyst for declining economic activity.

If you recall, it seemed that it took only 30 days for business to roll over. I believe the roll over was the result of the market and not the other way around. Apparently the Fed does too.

One thing you can be absolutely sure of is that Ma and Pa Kettle in the Mid-West are not buying the S&P 500 Index today. This is a coordinated effort on the part of the major international investment banks pleasing to the Fed and a last ditch effort to force business psychology into a positive mode.