Quote from EMRGLOBAL:
bc1- Fed is involved now......behind the scenes pump'n in liquidity, hence rally. Retail Sales and Home Sales did not cause this rally. Short covering into the Fed getting involved.
EMU bail out will fail but the news is also culprit to this rally...
Also, technical levels.
However, I do think this rally will continue through the holiday, into Jan. Sure, there will be a sell off here and there but the "powers" that be will run this up on light volume.
Nothing has changed for the better, in fact the economy is getting worse, not better, for most states. So, this is a bs IMHO but, it has the power to run on light volume.
I'm not sure about Traders but most people, including me who are in the Private Equity World are taking off the month of DEC. This week is just a slow touch base with clients and wish them a happy Dec.