It's always reassuring to experience the "snap-back effect" that takes hold after a downdraft in the stock market. At times, it can be so exhilarating and unexpected that I sometimes find myself looking forward to a short-term crash just to enjoy what I know will be the inevitable, subsequent blastoff. It's like being at Cape Canaveral.
So, looking at some numbers generated since the Oct. 3 low point, I noticed that some of my favorite fund types gained as much as 10 to 20 percent in just a 10-day period. Whew.