Over on Trading for the Masses' "Good to Go Pile", Jan. 19, 18:55, there is a little gem titled, "Manage Your Anger, and Spot Opportunities."

This guy is angry because the market isn't doing what it's 'supposed' to be doing. Traditionally, the stock market goes up in January, and especially on an election year.

The guy's angry, because it isn't happening. It isn't doing what he wants it to do.

He blames the media who "spark" panic. He blames everyone else, basically.

This is the equivalent of me blaming my customers for not spending money. A natural reaction, but absolutely pointless. It's like Phil Helmuth losing a poker hand and having a tantrum and blaming everyone else for not 'playing right.'

If this guy represents the thinking of stock market people, they're in for a rude surprise. What he says:

"Anger in general is an ugly emotion. It's not even an emotion, really, but a distortion of fear and anxiety that often plagues us. And when it wakes from its nightmares, it often leaves a trail of despair in our lives. But to say hello to it when it wakes, and try to soothe it with common sense and reality, can often lead to discovering new opportunities."

But if you read the context of what he's saying, he's saying that he won't let his anger at the naysayers change his optimistic approach.

And I'm saying, fear and anger and pain serve a purpose. Ignore them at your peril.

He's talking himself out of his anger. Which is fine, except that he doesn't use the exercise to take a fresh look at the market, only to reinforce his approach.

You know, the bubble in Bend was huge and unusual and pretty much a once in a lifetime event. Unless you're in a business like mine where bubbles are fairly common and short lasting, it's unlikely that any of the major players saw it coming. The anger phase is yet to come, I think.

There is probably yet another new generation of stock market people who have come along since the 'tech' bubble, who haven't realized that markets go down.