It's schizophrenia time. I've lost too much. This thing is moving. I just want to get back what I lost. For any dejected bulls who may have been foolish enough to sell near the lows, last week was nothing short of a slap in the face.
Human greed takes over pronto.
Especially for those investors who have not learned that self control and self discipline are the keys to long term investing success. Last, but certainly not least, the media. This is what mom and pop American investor are listening to and believing. The bullish spin from the talking heads of the Street. The summer rally is here.