Why Are We Up Here?

Go ahead and take comfort in the gentle markets. This is unbelievable. Conditions look good and stocks are behaving well.

Today the Nasdaq did almost everything a well functioning market would do. Primarily it gave the nearest volume pocket a thorough discourse consisting of assessing the quality of the terrain and deeming it fair footing for buyers to sellers to orderly come together and facilitate trade amongst one another. Anyone who made a transaction today was welcomed to tea sandwiches and soda water on their way out.

Bears and bulls discussed the current events over cigars afterwards and the nearby steakhouse was made busy with folks dressed in business professional attire.

Fine. But that doesn’t create the lower prices I need to ease back in, so here I sit and brood.