Markets and EconomyA REAGAN RALLY?

I'll defer to the experts here who say today's 150 point Dow move and huge NASDAQ move are related to "feeling good" about Reagan one more time. I personally think it's more related to oil prices hitting $38. I'd remind you that we are in a trading range still, with the lower end being pierced pretty good for a few days. As a political aside here I'd caution you. The communication skills of this White House are still pathetic, especially when compared to "the Great Communicator" and this rally, if it is a Reagan Rally, will drop like a rock. Nothing has changed. Bush's problems are of his own personal shortcomings in that he is the least articulate politician since Ford.

We will have to see. The nastiness of the Media Elite and the Left are still to be seen regarding our late President. They still hate Bush and there will be no civility from them. I say that either this week's hiatus by Bush will somehow magically create a man who can simply talk to people or it will be more of the same. I predict it will be more of the same.

The trading and investing rules still apply. Just look at this rally as one more set of numbers, pay no attention to the real emotion you may feel, and stay detached. The employment numbers are good, the indicators are good, but just look at the numbers generated by the market itself and not the crap coming from all media, websites, blogs, and your local drug dealer.