Earlier this week I repeated that I've been cautiously bullish (too cautious, I also said) since October.
I also told you I was optimistic that all the major indexes would break through the important psychological, headline, and large-round-number resistance levels they started flirting with two weeks ago.
Boy, was that an understatement.
On Tuesday, markets blew the lid off of any impediments in their way.
In fact, the price action was so fast and furious you'd have thought the Federal Reserve said something about keeping interest rates low, or maybe that some good news about bank stress tests had leaked out.
And to think, only one week earlier, markets had a steep fall from grace on account of Fed Chairman Ben Bernanke not saying anything about another round of quantitative easing.
What a difference a week makes.
In case you missed the psychology of the market, it went like this...