Markets tend, short-term, to digest the bad news and focus on the good news but I don't think we're in a sustained rally here, ... The fundamental underpinning of the market isn't there yet.

313

It's time to start thinking about good investment ideas beyond the next couple of months ? don't be too defensive and stretch out your time horizon. It's time to look into early next year and the market starts discounting out six-to-nine months when it has reason not to fear too much and we're moving into that mode right now.

223

We've been rallying most of this last quarter on the basis of a little more hope that we have bottomed and that the consumer economy would not suffer the weakness of the manufacturing economy. Today's job report gives us some hope that that is happening.

155