Wall of Worry

It is said all bull markets begin by climbing a wall of worry. You haven't heard that phrase used in the media recently, so let me be the first to bring it out of the closet and dust it off. The market seems to be gaining strength in spite of the poor state of the economy. Remember the market is a predictive mechanism, not a reactive one. The market is telling us that all the best minds in the world of finance believe the economy will be doing better in about six months. Look for a Merry Christmas in 2009. You are probably to scared and shell shocked to step in here, but you should at least be getting your toes wet.