January 28, 2014 Comments

On Tuesday the S&P 500 rose 0.6% and Toronto rose 0.8%

Toll Brothers was up 4.1%, Bank of America was up 2.6% and Couche-Tard was up 3.5%.

I don’t put much faith in anyone’s ability to predict the short-term direction of markets but perhaps today’s result indicates that there remains a lot of optimism among investors. For a larger decline to take hold probably requires investor fear. I suppose fear can arise quite quickly but right now it does not seem widespread.