I find it funny that Mr.Moriarty said

There are more optimists now than there were at the market high in October of 2007.

If I could express my humble opinion I would like to add that there are also a lot more pessimists now than there were at that same moment in time. I think that just before the financial mess started we were all thinking of anything but the economic situation. We were all out shopping for bigger houses and bigger TV's and were far too busy to notice the impending crisis. If investors are considering the contrarian approach one must consider all of the analyst now that are negative and have been for the last six months. I guess if they stay negative eventually they will be right. Caution is always the operative word and everybodies situation is different. If I was 65 years old and on fixed income I would be very careful right now. Remember the stock market climbs a wall of worry and I listened to Van Eden and Victor Adair and now Mr Moriarty all call this the basic suckers rally. Maybe they are right but for Mr. Moriarty to suggest that we have so many optimists out there that this fact should be a factor in your decision I find rediculous.

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