Dead Cat

In trading, when you are in a down market and suddenly get a bounce, they call it a "dead cat bounce". The explanation of that phrase is:
Even a dead cat will bounce if you drop it from high enough.

Not a pretty picture!

This is what we are seeing today in the market. People may think this is a good place to get back into the market, but they have lost money every time they thought that in the last year. Some may just be buying back stocks that they had sold, taking profits in the declining markets (this is called "shorting" a market). But whatever is happening, I don't see any reason to get excited.

We shed over 700,000 jobs last month. AIG is a black hole of bailout money. Banks are in trouble. All the same mess!

So turn off the news and read a book! This could take a while. I recommend the Bible. Always a good choice in depressing times!

Also- baseball is back! Go Cubs! This could be the year!