Similarities

Just a quickie that caught my eye.

Financial Times headline today "European equities staged a broad-based rally on Thursday, hitting a fresh eight month high as as string of mostly well-received corporate earnings convinced investors the recent run should continue."

The term convinced and my blog last night about the word appear seem to be interchangable. Whether you're trying to convince investors or whether you're trying to make things appear to be healthy, you are actually trying to fool them. My only question is, how much longer can the situation appear to be getting better; how much longer can investors be convinced this rally has fundamental support? With the SP around the 1,000 level, it could extend to 1,100.