Tuesday, August 15, 2006

Dow Jones Rallies to Close UP 132.39

I've been waiting since July 24th for another day like today. We're still seeing turbulence in the market continuing into the 4th quarter. It's fun to wall this Bull vs. Bear battle playing out. The bearish sentiment is also prevalent throughout the blogosphere. I personally remain optimistic about the short-term outlook.

Watching the resilience in the market has also been very interesting as we saw minimal volatility as a result of the airline terrorism plot. We did not even budge towards similar losses to those seen in previous years following increased national security threats. I would be willing to accept the idea that we are a safer America today than we were pre-9/11 and think that the market reflects a similar belief.