S&P is up 30 pts in the last 6 hours the market has been open

Just an oversold bounce lol... with all the bad economic data, europe crisis, china crashing.... we were due for a bounce!!!
 
Every time I see a thread with a topic like this, I get deja vu.

Has anyone ever started a thread like this and gotten a satisfactory answer to the question of why the market was up? I doubt in the entire history of the Internet, that's ever happened.
 
My 2 c, it's risk taking du jour thanks to record low interest rate and above average earnings prior to the recent slow down. Stimulus hope with Ben putting on a good tease. Again, recessions are for peons.

Govt and central banks putting up big no bear feeding signs at the national parks.
 
The interesting thing about this rally is that companies that are missing earnings and/or lowering estimates continue to go up...


and risk assets, commodities, oil, gold, etc have been getting beat up pretty badly

economic sensitive stocks and commodities ie copper, oil, fcx, cmi, cat have been getting killed but stock market just keeps going
 
You must log in or register to reply here.
Back
Top