US has a Teflon market & economy?

D

DisciplinedHedg

It fascinates me that for several months now foreign markets around the world have had 4-6% down days on fears of US economic weakness...

...and yet the US (ground freaking zero) itself can't even muster it's own 4% down day.

Any explanation for it besides the continual devaluation of our dollar and thus asset inflation?
 
Agree, you see international markets falling between 3-5% in a single day on news that a US company had to be bailed out, yet our markets open here and they are nearly up....
 
the part that confuses me...

lehman down 20%
bear stearns down 90%
citi down 5%
wamu down 12%
goldy down 6%
fanny/freddy down 7-10%
merril down 6%

how can the market be flat?? where is the strength??

if lehman was up 20%, bear up 90% etc, the dow would be up 1000 pts..
 
Why is the market only down a little?

BECAUSE WE'RE STILL IN A BULL MARKET

The spooz NEVER closed below 1252. Until then it's still a bull market.

Bull markets go up. Thats how they work. IN a bull market you buy the dips. You don't sell short.
 
Quote from DisciplinedHedg:

It fascinates me that for several months now foreign markets around the world have had 4-6% down days on fears of US economic weakness...

...and yet the US (ground freaking zero) itself can't even muster it's own 4% down day.

Any explanation for it besides the continual devaluation of our dollar and thus asset inflation?
More...

The US market is demonstrating its "confidence" and "hope" the Fed money pump can fix anything and everything.

I believe it is a delusion which one day will be shattered.. but for now, confidence in the Fed is still a significant supportive influence.
 
Quote from Daal:

utilities, basic marterials, industrials, staples are all down less than 1%
More...

Thats why it is still a bull market. In bear market all those would be down a lot more.

Dow 12500 and then 13000 soon
 
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