Isn't amazing how cocky and well educated investors are during rip roaring bull markets, and how meek, confused, and fearful they become during bear markets? All these programmable robots have to do is listen to the media. They will tell you how to think, and what to say...in every situation.

For those of you who are not programmable robots, here's what I think is about to happen;

A week ago I said that " The mood of investors is changing". In the months ahead I believe the path of the markets take over the next few years will be much more favorable for investors. In fact, investors who continue to dollar cost average into the market at these levels will look like geniuses in a year or two.

Despite the daily deluge of negative news, the stock market has become more resilient. Now than the bone heads at the National Bureau of Economic Research finally confirmed (a year too late) that we are in a recession, investors can now look toward a recovery.

The National Bureau of Economic Research is worthless. If you were a year late for your job, you wouldn't have one.

Technically, my short term (1-3 months) target for the DJIA is 9500-9800. For the SPX 975-1000, and the NASDAQ 1750. Those short term gains will be tested, but in 2009 I am expecting a continuation of the rally. Longer term, by election day 2012, I am looking for a retest of the highs on the Dow and S&P, and by 2016 the NASDAQ may be approaching new all time highs.

Yesterday was another roller-coaster ride, but a resilient one. The DJIA fell about 185 points on the open, but closed up 172 on the day.

The VIX index close at 60.72, and some are calling a VIX number of 40 the new 20. What a bunch of crap!

The November employment report will be released on Friday before the open. Does anybody in their right mind think this number will be positive? Expect more volatility, but expect an upward bias into January and February.

Today, the CEOs of the "Little 3" will appear in front of the bureaucrats that gave tax breaks to foreign car makers allowing them to capture a huge share of the American auto market. Oddly, these politicians kissed the asses of the CEO's of the financial industry, but chose to make an example out of the auto execs.

I have to admit I would chastise the Chrysler CEO Robert Nardelli. I would ask him to wear his Home Depot hat during the meetings. Nardelli was once CEO of Home Depot, and is now a worker ant for the country club elitists of Cerberus Capital. If you remember, Cerberus hired former Secretary of the Treasury, John Snow as their Chairman. As you can see, these people take care of their own. It's a country club, and they are elitists.

What's fair for one should be fair for all, but it isn't. Shysters from the New York investment banks created the unregulated credit default swaps that are wreaking havoc in the economy.

New definition of Insanity;

Having your brokerage account with a New York investment bank.