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Also going on today.

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Dow Jones Industrial Average(DJI: ^DJI)

Index Value: 7,949.09 :ee:

Trade Time: 4:04PM ET

Change: 332.13 (4.01%)

Prev Close: 8,281.22

Open: 8,279.63

Day's Range: 7,939.93 - 8,291.98

52wk Range: 7,392.27 - 13,191.50


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Sorry to bring back some reality.

However, there is a GREAT chance for a super nova of a BUMP UP in the near term.

Treasuries are so low and they have served their safe haven purpose where there are TONS of dinero that can come back to equities.

That is HUGE.

So if you can stomach the tough days and keep buying into the market while low, you might make back some losses for the past year. Yes I said YEAR.

March Madness could take on a whole new meaning. After that, depends on Obamaman's(saw an Obama superman shirt, geez) early talk and gameplan.

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All summer I watched Wachovia stock drop and drop and drop. So we get bought by Wells Fargo, now I get to watch their stock drop and drop and drop. Fortunately, I got out of Wachovia Wells in September, so it doesn't hurt me at all.

I am thinking about jumping into Wells about mid feb or so.

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I think I called for 7600-7800 back in mid Sept as the bottom.

Better to be EARLY than late on a rally.

I think right now confidence is as big as anything. And it makes sense. Confidence is more or less faith.

Anybody who has played hoops knows what it's like to be in the zone, to be hot. Heat check.

Basically you are confident, you have faith, that every time you shoot it's going in.

This applies to everything. To going out with the fellas back in your single days or that job interview etc.

This is what the US economy needs overall. Yes, some good fundamentals help but just like in sports, Uncle Mo trumps on paper and stats.

We are almost there.

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