Boom On, You Crazy Market

Optimist: This is the best of all possible worlds.

1. Motorola's Droid Sales 'Troubling,' Analyst Says 2. Cramer's 'Mad Money' Recap: A Mystifying Bull Market (Final) 3. FDIC Disowns Geithner Embarrassment 4. Cramer's 'Mad Money' Recap: Why the Gold Rally Is Good (Final) 5. Motorola Droid Not as Lifeless as First Thought

Pessimist: Yeah, you're right.

Idealist: Compared to what? -- An instant message from one of my partners today

Wow, so after all that ugliness Monday and this morning, the bulls figure out yet another way to score a win for themselves as the markets bounce back and the DJIA closes at yet another all-time high.

The DJIA is continually hitting all time highs in 2006. All-time highs. Not just the highest it has been since 2000, when the Dow just about top-ticked the bubble by adding Intel (INTC - commentary - Cramer's Take) and Microsoft (MSFT - commentary - Cramer's Take). No, even though Intel was trading for nearly 4 times its current quote and Microsoft traded for nearly 2 times its current quote, the DJIA was nowhere near these levels for nowhere this amount of time.

All the permabear worries that they continue to give as reasons to stay out of the market and continue to shy away from investing in great stocks, big and small, were wrong in 2003, 2004 and 2005. And in 2006. Perhaps they'll go one-for-five and get 2007 right. Perhaps not.

Economic trends, like stock market trends, usually last longer and go much further than just about anybody expects. That's especially true for the U.S. economic bull trends, as one look around the wealth in this country today vs. 10, 20, 30 years ago -- or any other point in our history -- will show you.

This is the greatest economic point at which you could have ever lived. That's not so say things are anywhere near "perfect" or even "great", but this has been one impressive heckuva boom for the last four years, 25 years and 200 years.

And as the DJIA's continual, steady rallying to new all-time highs tells us, it's been an impressive heckuva boom since the very tip-top of the Great Tech Bubble of the 1990s. I ask again, as I ponder the millions of dollars left on the table by any reader who has bought into the doomsday rants that remain so popular on Wall Street: Why would we ever listen to anyone who failed to recognize this ongoing boom?

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Cody Willard is the manager of CL Willard Capital Management, LLC. He is a regular guest on Fox News, CNBC and other networks, and he writes a monthly column for the Financial Times. He is also an adjunct professor at Seton Hall University and the author of TheCodyReport.net, a monthly stock market newsletter. Willard appreciates your feedback -- click here to send him an email.