Just a Bounce

That dead cat’s even jumped a little, yes. But without much more than hedge fund money buying into it, it’s still nothing more than a bounce.

Yes, I came very very close to sending 10% across to equities two weeks ago. But I’m not into making 3-week moves. And another week is all I give this, even with today’s latest edition of rules from Treasury.

Today’s 497-point hop in the Dow wins Kelly a steak dinner, but I don’t expect Nat will have to wait more than another two weeks to pick up her Olive Garden outing from a comparable drop. Burn out the little bit of outside money that might be foolish enough to venture back in, and we’ll be back to the basement.