Fear can turn to greed in a second, and concerns just melt away n the passion to gamble and not miss out.

The markets *finally* got together and gave us an impressive bear market rally that they were able to take out near the highs.

If all goes well this weekend then we *might* be able to see them extend the gains next week.

All bully has to do is take out that second high on the charts.  

And as you might expect the risk-averse plays retreated somewhat, such as the Dollar, gold, and silver.  

Gold and silver took a sharp hit this morning, no doubt with a nod to their Comex option expiration on Monday.

And the meme today was wow, look at that Consumer sentiment number and its implications for inflation expectations.

And besides, the recession is already here, and its not so bad, right?   

Why, it's practically over already.

Don't ask why, time to buy.

I seem to recall that they said the same thing a couple of weeks ago.  

Wash, rinse, repeat.

Earnings season dead ahead.

Have a pleasant weekend.

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