Lee Eugene Munson and Patrick Kirts comment on the market. Published on Seeking Alpha

Again and again, the cacophony of bottom-callers serves to lure the overly optimistic and the just plain ignorant onto the rocks of a sucker’s rally with their siren song. This is not to say that serious money cannot be made trading in this volatile environment; it can, and it is. We at Portfolio have never traded so much, but we’re riding the waves of folly, selling into these rallies, and picking up the pieces again when the waves break. This is evidently not what most people are doing, or there wouldn’t be sucker rallies.
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Tags: average P/E, bear market, Ben Bernanke, Bloomberg, bull market, DIA, Jim Rogers, John Kenneth Galbraith, market rally, QID, QQQQ, S&P 500, SDS, SPY, sucker's rally, The Great Crash, Vikas Bajaj