See how quickly you can fill in a row, column or diagonal while watching the business channel, and you'll get an idea of the extent to which a brief relief rally has convinced analysts that all of the difficulties of the economy and the markets are behind us.
If it takes more than 15 minutes to check every box—let alone rows, columns and diagonals—step away from the KoolAid and pay attention.
Intentionally Avoiding the Risk Trade
by John P. Hussman
Weekly Market Comment Apr. 20 2008