The NASDAQ dropped a tad, tech was not the flavor of the day. The S&P gained a bit as well.
This recent rally has all the stability of a sand castle. We need to recall that the market is a leading indicator. The front end of the car is perfect while from the grill on back its totaled.
Oil is up strictly on emotion and hope rather than need.
Hey, let the good times roll.
"The market is continuing to feel the strength of economic optimism from the greater financial markets..."
Europe produced a raft of survey reports on Friday that suggested the worst of the recession may have passed by mid-year and that industrial output has started to stabilize. source
3 comments:
Two tier economy and market. The really wealthy didn't get hurt this year. It's a buying opportunity for them. Everyone else got crushed. This is what the Market purists like. A few BIG winners and millions of losers. They won't be happy till child labor is back and the nickel shoeshine. They want every reform since Teddy R. removed.
GK! Good to have you back. How's everything?
The transference of capital is astonishing. There are people who want everything, this is not a fairy tale. I've met a few. Its not very pretty, because the graciousness is a calculated manipulation.
Thanks! I survived a very scary event and I'm home recovering. Thank God, I was at the right place at the right time for this to happen ( the ER). Also, Thank God I have decent health Ins. or I'd be bankrupt right now on top of ill. This my friend is the reality of America today , this is the society our friends in GOPer world think is ideal. I don't find it in any way comforting. They only learn when they end up in one of these situations and even then some of them never learn. I hope Obama can change this part of the equation because nobody should have to go broke to stay alive.
Post a Comment