This column was originally published on RealMoney on June 9 at 1:30 p.m. EDT. It's being republished as a bonus for TheStreet.com readers.Did Thursday make a big difference in your mind-set? Were you a growling bear before, but now find yourself snorting and stamping your hooves? It is conceivable that Thursday's intraday reversal could turn into something lasting and significant. But it's important to remember the three sucker's rallies we've suffered through over the past month or so. Certainly there was something different about Thursday's action. The intraday reversal was dramatic, and volume was heavy. Still, I'm playing it close to the vest, because I think there is still a lot of confusion out there. I understand the idea that bull markets climb a wall of worry, but I'm not really seeing much evidence of a wall here. According to Jason Goepfert at SentimenTrader.com, mutual funds have a very low amount of cash as a percentage of total assets. They're all pretty much invested, leaving less firepower on the sidelines than you might think. I've discussed the dynamic of cash levels relative to equity levels
It's always been my opinion that it pays to have more -- not fewer -- expert market views and analyses when you're making investing or trading decisions. That's why I recommend you take advantage of our free trial offer to TheStreet.com's RealMoney premium Web site, where you'll get in-depth commentary and money-making strategies from over 50 Wall Street pros, including Jim Cramer. Take my advice -- try it now.