I generally don't pay a lot of attention to the market as a whole. I prefer to think in terms of my individual stocks.Latlely, though, the market has been bashing me over the head with a hammer, and it's been hard to ignore. Lots of panic over stuff that's more or less unrelated to the stocks I own, but which never the less has taken my holdings to new lows. Yet it didn't seem completely without merit, because macro-economic effects can touch companies that are as far from the credit crisis as you can imagine.I've got a little bit of cash left that I need, according to my plans, to invest. But I've been holding off doing anything with it until the dust settled.The last couple of days have been spectacular rallies. But they seem, well, irrational. I can't help but think "the government's going to fix everything!" is a lot less substantial a reason for a rally than the crisis was for a crash. Banning short selling seems like a completely impractical step, for one. Back in the early days of stock markets, short selling was illegal, yet people still found ways to do it. - Gus
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