Has the market psychology changed for the better?

It sure seems that way, when one of the worst jobs report ever hits the market, and the Dow soars just about the rest of the day.

That's exactly what happened Friday. The report initially looked like it was going to tank the market when it announced 533,000 jobs were lost in November (the worst in decades), but the Dow ended up a shade over 259 points, and the Nasdaq did even better percentage-wise, up a tidy 63.75 points.

When horrible economic news stops tanking the market, you have to start wondering if traders and investors on Wall Street are starting to look past all the negativity, and are liking what they see on the other side, 6 to 9 months down the road.

And remember what I said a few posts ago about the U.S. economy having been in a recession for almost a year now. If that's true, then it's already been one of the longest on record.

That means maybe we're closer to the end of all this mess rather than the beginning or middle.

Another interesting statistic...

6 out of the last 8 bull markets began in a recession.

Let's get ready for the next bull rampage!

I’m about to suggest a stock (for my paying Members only) that was on its OWN rampage Friday. It more than doubled, and I think it has much more.