Frankly, we think all the noise is nothing but evidence for a wall of worry. The market is clearly in an uptrend. Tech is clearly leading the way higher, the way one would hope a healthy bull market would enjoy. Prices are clearly ready to test overhead highs.
We hate to predict too much about this week's price action. If we had to make a guess though, we would say that given the level of fear and the bearish predictions getting thrown around, that the market may have some games up its sleeve. We can see the potential for a scary shake out this week that quickly whipsaws the shorts yet again.
Dips remain buying opportunities.
Note: Here's a story that's not necessarily related to the market. We find Dr. Pausch's story to be highly moving and it serves as a great reminder that life is truly precious.
A Beloved Professor Delivers The Lecture of a Lifetime
Randy Pausch, a Carnegie Mellon University computer-science professor, was about to give a lecture Tuesday afternoon, but before he said a word, he received a standing ovation from 400 students and colleagues. He motioned to them to sit down. "Make me earn it," he said.
What wisdom would we impart to the world if we knew it was our last chance? For Carnegie Mellon professor Randy Pausch, the question isn't rhetorical -- he's dying of cancer. Jeff Zaslow narrates a video on Prof. Pausch's final lecture. They had come to see him give what was billed as his "last lecture."
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