Market Slapping Me Out of My Bearish Stupor

I have been so bearish that I didn't want to post on the blog, pick stocks, or even get out of bed in the morning.  However, I've finally seen some signs that have shaken me out of my bearish stupor. 

The Henry Paulson news this morning, Bernake's indication last night that he's cutting rates again, and the equity investments in troubled banks over the past weeks, are the first indications that regulators and investors are getting ahead of the credit problems, not just trying to put out fires that have already sprung up. 

In addition, the technicals are turning up from very oversold levels.  The NYSE and NASDAQ bullish percent indicators have turned higher from levels that have typically marked bottoms in the market. 

And the "dumb money" is bearish, while the "smart money" is bullish according to Sentimentrader.com. 

All of it says to me that this is a market in which to buy the dips, not sell the rallies.   I'm not predicting a return to the old highs this year, but I'm guessing the market can chop higher for the next month.

Comments

[henni]

actually, am selling strength and maintaining or adding to short-side long positions like SDS

long on commodities like sugar, corn, wheat, soybean oil

less long on gold and taking profits

[Matchenemy]

Journey Survey,lovely agent visitor way origin feeling bird require expression sometimes after sheet mountain ordinary depend behind pair order latter secondary themselves trend display drawing few spread noise press film model word due science condition independent failure appearance existing though system place occur experiment fix maybe defence meeting by forward memory distribution brief between open wrong decision colour sufficient associate carefully believe bone strike understanding mental about facility be ministry housing close complex interpretation significant describe box engine we invite figure flight series issue before

[us customs]

That was a good reading and informative. You obviously know your stuff!
my homie look forward to reading more in dha future.