I know there are a ton of threads out there talking about this massive upswing in equities etc.
Doesn't seem to make sense what with jobs still brutally down and consistently pessimistic economic releases.
Here's why! the economic climate doesn't matter. All that matters is that people with money aren't afraid.
Not to say that markets aren't going to run out of steam, just that what has happened over the last 8 months doesn't make a lot of sense unless your a rich guy, who just isn't nervous.
Doesn't seem to make sense what with jobs still brutally down and consistently pessimistic economic releases.
Here's why! the economic climate doesn't matter. All that matters is that people with money aren't afraid.
Not to say that markets aren't going to run out of steam, just that what has happened over the last 8 months doesn't make a lot of sense unless your a rich guy, who just isn't nervous.