Don't Feed The Bears

Just when the bears thought they were going to get fed, the rally resumed.

The surge in M&A activity was today's excuse. Tomorrow it probably will be the election. All news is good news, I guess. While I thought we'd see some more consolidation, the bulls simply can't help themselves. The rally is on and they're not giving the bears much room to roam.

As for me, I always get nervous with any market that rallies in anticipation of some major event. But, then again, what the heck do I know. ;)