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Stop Out-Thinking the Rally

Stock quotes in this article: RIO , AKS , OS , PETS , OXPS  

This column was originally published on RealMoney on Oct. 25 at 11:09 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.

Last night, I discussed the market with a number of other traders on a conference call. I started the questioning off by remarking on the sustained strength of the market. The much-anticipated "September Swoon" never came to pass -- we are just five trading days away from closing out October and the Boogie Man has yet to show his face.

You'd think that the collective mood of these traders would be downright giddy. Wrong!

One of the first questions I asked was, "How many of you believe this rally is for real?" ...

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