Until further notice irrational unfettered optimism is epidemic in America's investing community. I certainly hope you are feeling it in your own pocketbook, if not buy a mining company their values increase roughly three percent per day. Today was the first day I turned off the monitors, and think I shall go back to end of the day analysis and trading.

I shall plan my strategy the evening before, and execute that and only that the next trading day. If the market unfolds differently than I had thought it would, than I will do nothing. But I will plan the exit points the night before, if realized fine, if not fine. I may buy or short based on the early morning trading only, I will not liquidate on the fly. The few dollars I have made doing that have been grossly over compensated with irrational trades that were aimed at getting back at the market.

The market has spanked me like a bad, bad boy, by a father who has lost his patience. Remember if you will, my article on portfolio building. If you have not read it, Google it, do not over play one industry. I am short four, count them four mining stocks. Two oil stocks, and two semiconductor stocks. Does that read like a who's who of hot stocks or not?

Down a full twelve percent from my high, like last October, I do not do well in trending markets. I have at least reclaimed my sanity, unlike those on Wall St. Who think this is one rosy scenario. I will hold my mining shorted stocks until the sure to happen crash of them, it may well be too late to reap a profit, but is there really any sense in throwing an inferno more fuel.

I sold GSF today, because in my panic it looked like oil was done, knowing full well the inventory reports were due. Also bought PCU, and might buy a housing stock tomorrow, TOL and KBH look OK.

The market shows no signs of heading south, there is no panic, just buying upon buying upon buying. Maybe some profit taking before weekend, but why, this is one damn fine time to be long the whole fricking thing. Ignore price of oil, price of commodities, rising interest rates, just buy. Like a woman with a gift card in a shoe store.