"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey

Before we get started with what is going on, I wanted to add a few housecleaning tips for new members to the Dynamic Growth Newsletter.

Yesterday, we listed added 8 stocks (on our way to 15) to our Top Stock Portfolio. When buying these stocks, please pay close attention to our recommend weightings and dollar allocations.

The stocks in this portfolio are broken into 3 categories;

Moderate- M
Aggressive- A
Very Aggressive- VA

As such we recommend that investor allocate their portfolio purchases in this manner. If you had $10,000 to invest, 60% ($6000) should go into stocks listed as Moderate, 30% ($3000) should go into stocks listed as Aggressive, and 10% ($1000) into stocks listed as Very Aggressive. We assigned a rating to each stock in the portfolio.

Secondly, in the Under Loved, and Under Appreciated Stock portfolio, we recommend that you invest equal dollar amounts into each stock. Currently, this portfolio holds 9 stocks.

Market Brief's

Yesterday, the DJIA soared 132.79 points after a stronger-than-expected report on existing home sales. If you drill down into the details, you'll see that the picture is not as clear as Wall street wants you to believe.

Clearly, big money bottom-feeders are entering the market. The average consumer is basically broke. For many consumers, coming up with the 20% down-payment for loans is almost impossible. They can't save, and they just don't have the money.

Secondly, if any home sales are going to rise, it has to be existing home sales. Why? Builders have stopped building. The glut of homes on the market is huge, so the building of new homes will not begin until the current inventory of homes is drastically reduced.

I am always amused by the arrogance of people. They were arrogant during the NASDAQ boom, and again during the stock market and real estate boom a few short years ago.

Here is an article from Time.com, on how Robert Prechter from Elliott Wave became famous by paying attention to the arrogance, and irrational behavior of people.

To piggyback on this theme, I found the picture below to be not only amusing, but partially true of how some people in our country (the arrogant) may think.