Phony Dow Mania Bites the Dust

In case you are trading in Outer Mongolia via smoke signal today, the big news this morning is that the DJIA surpassed the highs hit in 2007. There has been so much talk about this I suspect it became self-fulfilling. But the market must take out this emotional level before logic can apply again.

The media spin on this news is that things are improving and the market is obviously healthy since it has more than doubled from the March 2009 lows. That may be true, but I believe the real lesson of this market is that if you want to make money, you had better learn how to trade....226 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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