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Microcap & Penny Stocks : Rat dog micro-cap picks...

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To: Baton who wrote (29514)4/6/2006 9:33:17 AM
From: Rarebird  Read Replies (2) of 48461
 
>>The correction is due on it's own merits<<

LOL. The reason usually becomes apparent after the fact. But it's a Bull Market and the Bull loves to create "walls of worry" to overcome. What I find interesting about market improvement is the relatively high level of bearish sentiment. The Investor’s Intelligence poll shows bearishness over 30%. This is unusual for a market that is sitting at multi-year highs. There seems to be a number of under-invested bulls as well, which perhaps accounts for the long duration of the recent rally. SI has become in many ways a Bearish Morgue. Not surprising given that the Nasdaq is off over 50% from its 2000 high. But the RUT, MID, Transports, NYSE Composite Index are all hitting new all time highs on a regular basis. Before this bull is over, you'll see the Dow, S@P 500 and even the Nasdaq Comp confirm. Lots of silence and shock on big up days. I'm looking at big lock limit up days coming. Go figure. This market has become a classic buy and hold market. But you must be diversified to reap the rewards here.
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