The market may not be a living thing but it is schizophrenic, swinging between optimism and pessimism.   The market currently is in a negative frame of mind as illustrated by its reaction to the recent economic news.  The market’s been worried about a recession, so the increase in industrial production should have been greeted as good news. Instead, the market focused on an increase in inflation. And, it took the view that if industrial production continued to grow, it would lead to higher inflation.  Mark my words, if you follow the market long enough you’ll see a time when it views expanding industrial production as good and shrugs off an inflation report. Right now, though, the market is in a “the glass is half-empty” frame of mind.  (Yes, I know it opened higher this morning but my time frame is longer one day.)   My conclusion? If you’re looking for investment advice, see your psychologist.