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We're almost there.
Markets are knocking on the doors of some important milestones. The Dow is flirting with 13,000. The Nasdaq Composite is flirting with 3,000. And the S&P 500 is flirting with 1375, a technically important resistance level.
Getting through those doors are important in terms of investor and consumer perception.
Aldous Huxley wrote, "There are things known and things unknown, and in between are the doors of perception."
If you're a fan of Jim Morrison and The Doors, you know Huxley's famous line. It's where The Doors got their name.
If you play in the markets, you know there are knowns and unknowns, and that perception is what drives most investment decisions.
Perception is critical in the trading game because investors want a leg up. They don't want to get in after the facts have moved markets. They want to get in before big moves.
We'd all like to be extraordinarily perceptive and correctly interpret and synthesize all the knowns and the unknowns in our world, and to make prescient calls on every tradable vehicle in existence.