Hip Hip Jorge!

That is what they say when Jorge Posada has a hit. He has been very consistent this year as has the market. Can it keep it going?

All I know is that when the markets get excitable, one should wait when it's not, like yesterday.

What disturbs me is that on Bloomberg we had Marc Faber, Jim Rodgers, and Ken Fisher on debating and disagreeing about where the market is going, but they were all right. Mr. Fisher had the nicest layout, sitting on a leather chair esconsed in his library, but his reasons to be long were short - he said, "the SP500 companies are yielding more than bonds." Mr. Rogers gave his bow-tie answer, which seemed more logical, that the US financial institutions are in heap of trouble which will cause the dollar to crash at which point the Asians will step in and save us like we did for them in the 90s. While Mr. Faber gave his gloomy predicament for the US market assessing that it is not at new highs if adjusted for the Euros.

All I can say is...
First, the beauty of America is that two people can have differing opinions and still be right!
Second, Americans are by default cheery people and are consummate optimists, but Wo! the person that rains on their parade!

We want to cheer, not jeer.

It's kind of like the Yankees the past few years. They keep hiring and resigning veterans which keeps the team playing well and we cheer, but we know they're going to blow it later on during the playoffs or world series. But that's too far in the future...in the meantime...

Hip Hip Jorge!!