Sell?

Today, 2007 July 12, in his Clusterfck Nation Chronicles, Jim Kunstler said this in his "Daily Grunt":

Go figure. The Dow Jones is up over 100 points at 10:30 a.m. in the face of the following headlines:

U.S. Trade Deficit Widened 2.3% in May to $60 Billion
U.S. Foreclosures Increase 87 Percent as Prices Fall
Al-Qaeda Is More Capable of Attacking West, U.S. Report Says
Crude Oil at $73.48
Euro at $1.3773
More Subprime Woes to Come

Seems as though the bulls ran wild today. The Dow was actually up 283 points today. Yet Jim points out all these ominous events, including record foreclosures, rising oil prices, and Al Qaeda on the jihadpath. Sort of like a victory party on the Titanic.

Is Jim trying to say this is a Sell signal?