Bad news and market hardly budges....am I missing something?

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Quote from TinGull:

Hi there,

I'm fairly new to the marketplace (little over a year) and was wondering from you guys who have experience through the years....is there any forshadowing from a market that doesn't seem to budge ...

one simple lesson about the market -- never argue with it.

i.e. don't rationalize it, don't predict it, don't say: it should do this because...

 

[TinGull]

Thanks for the insights. I didn't know if it was something that was a pre-cursor to a crash or something. Im quickly learning to not think something will happen...

 

[dac8555]

Quote from TinGull:

Hi there,

I'm fairly new to the marketplace (little over a year) and was wondering from you guys who have experience through the years....is there any forshadowing from a market that doesn't seem to budge when there's bad news? Like today...I realize we had a selloff when the housing info came out, but we're right back up for the most part now.

Just curious if something like this had happened in the past. I can't seem to figure out a good way to search the goog for that info.

Thanks!!!!!!

it is the calssic scenario of a bull run. Normally when it is this severe. careful it very well may correct soon. elation like this rarely lasts very long without a correction.