Fear and Greed

The fact that it wouldn’t be good for my blood pressure aside, do we really think that stocks can simply move back to their prices of a few weeks ago and everything’s suddenly hunky-dory? No, trepidation and caution are always good traits for investors, especially these days. Profit-taking when you have the opportunity is a good thing, too.

Global Recession?

Now that was a good old-fashioned rebound. The Dow Industrials jumped a record 936 points, or 11%. The NASDAQ was up 195 points.  Of course, with the bond market closed for Columbus Day, stocks pretty much had a free pass yesterday. Despite the nice point totals, I still have to wonder if these gains will stick over the long term.