Market Watch with Tom Waitt

November_2nd_2011.mp3 Shifting Emotions    Emotions have run rampant, with daily media reports of European woes, political infighting and a lack of job creation giving rise to Occupation Wall Street and steadily rising debt concerns. Are there signs of improvement? Market Emotion Cycle (Click For Larger Picture) Dow Jones Industrial Average (Click For Larger Picture) 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.  The recent 18% advance was impressive in October faltered this week falling 5% only to open strongly today. It appears we are gaining Confidence, 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 and optimism is slowly building. By the time the media picks up on this shift of attitude it