There are few sure things with trading but when the public can't afford for their stocks to go down anymore than they have you should be thinking that they will IMHO.
This is more like it. All the world's governments are on the phone with each other to structure news so that the public stays in stocks. Hungary now says its talk of default was all a mistake. http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ9jvhdaqy3A&pos=2
If somebody had called up CNBC or IBD or the WSJ and laid this all out before hand, explaining everything up to the current day, they wouldn't even have laughed because it would have sounded so insane, so crazy. Yet here we are.
Hungary still backpedaling. Other countries with potentially negative comments, should get a call from Geithner. Bring out negative comments later. Not now. Public should be in stocks for the long run.
Bernanke is beginning to "run out of ammo". http://www.benzinga.com/10/08/422282/ben-bernanke-is-running-out-of-ammo
There is something to be said about this... We are what we ingest...visual, aural, not to mention oral. I can't eat sugar anymore since I'm diabetic. Consuming "bad news" constantly will also throw my mind and body 'outta whack', so to speak. It depresses us to see and hear bad things all the time. Stop and smell the roses is not just a cliche'.