Smart words to live by and that quote has been rolling around my head the last 2 weeks. Return to Sep 2008 when many thought it could not become worse.

Then October the bottom was in, right?

No, it took till March 2009 and masses of agony before we created the bottom. That was a unpleasant event. Actually if we were to reach 1120 on the SP five hundred index we’re going to be halfway back to the 2007 high where all this started.

Gaining a viewpoint always helps me keep my feet grounded. What has happened in the equity markets and bond markets actually, aren’t fact they’re based primarily on belief. Wrong or right only time will tell. In the mean time take what the market gives, but have stops in place to guard against the drawback. Be alarmed when others are greedy.

Greediness is in play. The worldwide markets are assisting with positive reports towards commercial recovery. China, India, Brazil and Southeast Pacific Rim are all looking positive near term.

Canada is improving and Australia raised rates eluding to an improving business picture. All is well for the investment markets as we continue to climb higher. Yes, things are shaping up and the worldwide markets are doing better.

Retail info is better, actually researcher are foretelling the vacation sales period will top 2008 information ( -4.2% worst number in forty years ). The lookout is for a +1.5% gain in 2009.

It does not sound like much, but if you glance at the projections only 2 months gone it was pretty gloomy. The stocks continue to reply to these projections as well as solid same store sales info and income expansion. The retail sector has gained more than 40 percent since the low in July.

How much more upside remains in the stocks?

Time will tell, but do not count Santa out yet. Again, take what the market gives, but shield your money against the disadvantage possibility of fact. The balance between elementals and future expansion don’t line up.

Doesn’t suggest they will not, it’s a caution sign and taking the essential care can avoid masses of pain if the markets are over valued. If they are not and they’re going higher we are still in for the ride.