Market Watch with Tom Waitt

July_4th_2012.mp3 Shifting Emotions    Pessimism was at a peak before Friday's jump in stock prices. Most funds have the lowest equity component in 15 years. Is market emotion turning positive?   Market Emotion Cycle (Click For Larger Picture) Despite media focus on the European Union and rising tensions over Iranian nuclear development along with Syrian suppression of another Arab spring. A shift in Market Emotion is digging out from near panic and despondency. Markets have always moved on emotions, usually FEAR & GREED, but over the last 3 years it has been desperation, panic, despondency, depression, disgust and doubt. It appears we may be gaining confidence, as shorts scramble to cover positions. With confidence you can reach truly amazing heights; without confidence, even the simplest accomplishments are beyond ones grasp. Stock markets are a leading indicator for the economy and it appears a shift is coming. By the time the media picks up on this shift of attitude it