Pardon the length Barry, but Todd wrote his life axioms in the book somewhere(you have to read it to find them ;) ). Some of these are very profound and no doubt people will get something from it:

If I were to sum up some of the things I’ve learned through the years, the list might look a bit like this:

* All you have is your name and your word.

* Honesty, trust and respect are the foundational constructs of any successful endeavor.

* Time is the most precious commodity.

* The purpose of the journey is the journey itself.

* What goes around comes around.

* The greatest wisdom is bred as a function of pain.

* Bad times define good friends just as bad seasons define good fans.

* Be good to others and better to yourself.

* A random act of kindness is a positive pebble that ripples through the proverbial pond of life.

* Work to live; don’t live to work.

* Time is the arbiter of fate.

* Free will is God’s greatest gift.

* Experience is a close second.

* Opportunities are made up easier than losses.

* Profitability begins within.

* One hand washes the other.

* Just because one yells doesn’t make the message more important.

* Where you stand is a function of where you sit.

* Life is the cumulative sum of your decisions.

* The only difference between genius and madness is acceptance.

* The only difference between intervention and manipulation is communication.

* The only difference between a lesson and a mistake is the ability to learn from it.

* Negative energy is wasted energy.

* Adapt; don’t conform.

* Take the high road; it’s less crowded and has a better view.

* Stay out of debt.

* Be thankful for what you have rather than pine for what you don’t.

* Balance.

* The definition of an investment should never be a trade gone awry.

* To appreciate where we are, we must understand how we got here.

* Drugs that mask symptoms aren’t the same as medicine that cures the disease.

* The opposite of love isn’t hate; it’s apathy.

* The friction between opinions is where true education resides.

* A dream is only as powerful as those who believe in it.

* Money comes and goes.

* The reaction to news is more important than the news itself.

* Trading Gods have a vicious sense of humor.

* Tomorrow is promised to nobody.

* If you do the right thing long enough, someone will eventually take notice.

* Good traders know how to make money; great traders know how to take a loss.

* Seeing old friends is good for the soul.

* Some of the wealthiest people I know don’t have two dimes to rub together.

* By the time you get to where you want to be, the journey will have already ended.

* Emotion is the enemy when trading.

* When in doubt, sit it out.

* The only difference between being early and being wrong is if you’re there to collect your chips.

* Build a growth company by surrounding yourself with people who can themselves grow.

* Tenacity, resolve and perseverance are the hallmarks of success.

* Hope isn’t a viable investment vehicle.

* Stay humble or the market will do it for you.

* Be careful with people who don’t love pets.

* The ability not to trade is as important as trading ability.

* The Crash didn’t cause The Great Depression; The Great Depression caused the crash.

* Social mood and risk appetites shape financial markets.

* The leaders coming out of a crisis are never the same as those that enter it.

* The ability to add capacity into a downturn defines the winners on the other side.

* Discipline trumps conviction.

* There is a difference between having fun and being happy.

* Gratitude is latitude.

* There’s no shame in admitting it’s hard; there’s only shame in pretending it’s not.

* If you’re not part of the solution, you’re part of the problem.

* Society is a sum of the parts.

* View obstacles as opportunities.

* The air of integrity gets thinner with age.

* The meaning of life is a life of meaning.

* Think positive!

You can read it here:

MEMOIRS OF A MINYAN

GOOD WORK TODD!

http://www.minyanville.com/articles/index/a/23134

that’s funny- spx looks about 10 points or so-

AA great earnings- down $2.6 BILLION YoY- that is some great news-

i am damn near wetting myself

However, using a good market timing system can help an investor profit both from the upside and downside of this market.

Consider http://invetrics.com

Its daily DJIA index trading signal is up significantly for the year and it is free of charge for individual investors.

The Nostradomi have Spoken!

Was that a cash on the sidelines argument you just made up there? Right up there with those comments about consumer confidence you made about two weeks ago. A few thoughts from EWI on this from today’s update, not able to post the chart here:

“To begin with, have you ever heard anyone ever make the opposite argument that stocks are at risk for a decline because there was too little cash on the sidelines? I’ve never heard that since I’ve been professionally involved with markets. But more important, there is absolutely no correlation between the level of “cash-on-the-sidelines” and the level and direction of stock prices.”

“The chart above plots the DJIA above the total assets in money-market mutual funds, the notional “wall of cash” that is going to come flooding into stocks and send them soaring further still. First observe that money-market fund levels were rising with stock prices all through the 1990s. In fact, as the Dow was making new record high after new record high in the late 90s, so too were cash levels. Now note the two vertical dashed lines corresponding with the market peaks in 2000 and 2007. Money-market fund cash was at record levels then too but that didn’t stop the Dow from declining 38 percent from January 2000 to October 2002, nor did that “wall of cash” prevent the index from declining 54 percent from October 2007 to March 2009. Even if you plot money-market fund assets as a percentage of market cap., there is still no correlation between these percentages and stock market moves”

They also point out that all this cash on the sidelines has in fact outperformed stocks for the last ten years.

I don’t care that you are bullish, I would not even be surprised to see new highs in the next week or two, but your points about why you are bullish, if you could even call them points,….are weak.