What Does the Market REALLY intend to do?
Remember the angst-ridden bad old days of teenage crushes? I certainly do, and I'm sure glad they're long over for me. But with three kids ages 13, 9, and 6, I have a feeling I'll be getting reacquainted with those days real soon. When it came down to a crush, provided the object of your obsession was at least cordial to you, the question then became "Sure, she (or he) likes you...but does she like you like you?" Attempts at analyzing your crush's behavior towards you- and others -for an answer to this question would often result in unconquerable insecurity and false senses of either elation or despair that could be set off by the slightest perception of a half-smile or half-frown. Since the stock market bottomed out for the year in mid-June, a lot of traders have been crushing pretty hard on a steady rally that is presently two months old. Now we must decide whether we're really in a bull market, or if it's all just a bunch of bull. The fundamental...