Being Manic Depressive

In an informative interview yesterday on CNBC with Nassim Nicholas Taleb, he described the market as "manic depressive." (The variables are many relating to human proclivities.) But there also seems to be something else that defines the market: hopeful in bad times. Today the Labor Department reported that Americans lost 240,000 jobs in the month of October. The market is up. With all the job losses I, for one, am feeling down.