Steve,
It's :
Reality is only important when perception reverts back or is forced to deal with Reality.
For a while there, a lot of real news come out, and it was bad. The market was forced to look at it, and it did not like it.
Now for the past 2 days, the market forgot everything. Call it oversold, call it a bounce, call it the start of a new move.
Untill INTC's numbers came out, Reality was forgotten and that good old perception that nothing can go wrong came back.
I for one, think INTC's number was good, but not great and with very very concervative guidance, would not be suprised if the stock had trouble staying up. One would expect it to be up $4 Wed.
But Dell will probably head higher for now.
Not to worry, I am just early, I will be back.
The trick is to not let the little things bother you.
Jim |
