Stock Markets Holding Just Fine…Fear Still Abounds…..

High put-call readings day after day. Most folks are talking like the end of the world is here, thanks to Europe, and the inevitable fallout from defaults most guaranteed to come. People just hate stocks and the stock market. There are no good vibes running around. I don't think any of you are hearing much from the bullish side of things. If you are, you're pretty much alone, because I'm tuned in, and I don't hear a thing. People just don't feel good about things. That's sad, but it usually means things aren't as bad as they seem. That's just the way the stock market works. It goes against conventional thinking, but what we all hate, the market loves. I'm not saying we're about to embark on anything special, I'm just saying I don't think it makes too much sense to be taking a very bearish approach to things.