Fund Manager to individual investors on Thrusday: Open your wallets. At the close of the markets on Thursday, Jeffrey Kleintop jumped at the chance to blow bubbles, maybe hoping for the little guy to throw more of his savings into the market after the Dow closed up 2.1%. 

As reported by Bloomberg: 

Oct. 29 (Bloomberg) -- U.S. stocks rallied, sending benchmark indexes to their biggest advance since July, after the economy returned to growth following the worst contraction in seven decades. Treasuries dropped and the dollar and yen weakened, while commodities surged. 

...

"The stock rally is not over yet," said Jeffrey Kleintop, who helps oversee about $247 billion as chief market strategist at LPL Financial in Boston.  "The stock market can celebrate.  This news is an important confidence boost, in particular to individual investors."

But then Friday came. Dow down 2.5%. Oops!  Klientop's bubbles blow away.  Here he is on Reuters,  the next day, lamenting the lack of confidence of individual investors:
 

NEW YORK (Reuters) - U.S. stocks fell on Friday, the day after logging their best gains in three months, as sectors that have led the rally pulled back.

 

Several reports pointed to a mixed economic picture on the heels of a government report that showed gross domestic product grew at its best rate in two years. Midwest area manufacturing was strong, but consumer sentiment slipped this month.

 

"Confidence still strikes me as shockingly low," said Jeff Kleintop, chief market strategist at LPL Financial in Boston.  "Consumers are still very pessimistic, and that is evident in individual investors' hesitancy to embrace this rally."