Quote from SiSePuede!:
My curiosity is piqued at this point as to where the money is coming in to buy these stocks so continuously. There are only so many stocks on the Dow...how does it keep going and going? Obviously it's the magic question, but never more so than now to me.
If the professionals figured out a while back that this will keep going up with no room for worry, what's the point of ever stepping off the train and why even hold money in the coffers, why not just dig in and make max profits on max borrowings?
Is this borrowed money pushing the markets? Is anyone from overseas really buying? The devaluation of the dollar is probably not making the gains in the market look so attractive...so where is this money coming from?
Quote from Algorithm:
Uhhhhh, ever heard of oil money from the middle east. How about Eurotrashers chasing?
Just about every other market was up huge last year and now the US is playing catch up. Classic liquidity sloshing around chasing performance.
How about all the real estate money that was made over the past 6 or so years? There was so much money made it was pathetic. It's got to work somewhere. You think that ain't going into this market to chase performance.
Pull your head out, it's a global environment. Just because your next door neighbor swore off stocks in 2000 doesn't mean the Saudis, Kuwaitis and Germans aren't buying them.

Quote from chewbacca:
The weekly all time high for the S&P is 1527 with the second double top at 1520. Just 10 points from today's high!! That means its do or die time either we go sub 1360 or past 1600.
Make your choice 1600+ or 1360-