The Daily Dose: It's a Stock Rally!

At around 10 a.m. on Thursday with the Dow up a cool triple digits, I didn't think much of it, just a normal programmed BS move amid a heaping ingestion of hopium. Roughly at 2:30 p.m. a producer friend hollered at me on GChat, asking for confirmation that the rally was the best since Jan. 2. I replied, why, yes, and then returned to model building ahead of unleashing fury on foes. By the close of trading, with the Dow rocking a sexy 300 plus point gain, I chuckled and mentally prepared for the onslaught of inquires likely pouring into the email box. However, they didn't pour in as expected, indirectly telling a couple things:

Blind trust continues on the part of investors regarding the fumbling jerks in government. When blind trust ensues, nobody, or very few, adjust their portfolios to compensate for increased risk. Those short the market from the Sept. 18 sugar high are not yet willing to toss in the towel on their government failure wagers.

Bottom line is that long or short, there is miniscule trust in Thursday's market orgy. So what does that mean to your life? Beats me as we have never met to discuss your financial goals, but I prefer to maintain cautious. It disturbs me that we will have another debt ceiling "debate" right before Thanksgiving and Black Friday. The tidbits I am extracting from earnings calls are also disturbing, and that excludes thorough reads on the earnings releases from JPMorgan (JPM) and Wells Fargo (WFC) today. But, I am cognizant that the world is full of cowboy traders that perhaps do not share my measured approach to investing. If that is true, at least do yourself a solid and watch the performances of the below ETFs and stocks prior to layering on the leverage to boost the output potential of a long only portfolio....406 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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