be careful, however.
the market goes “up” if the fed prints zillions of new dineros out of thin air... and gives them to the big banks...who are afraid to make most kinds of normal loans in the Obama Great Recession ... so they invest the fake $$$ into the stock market (hoping its liquidity will permit them to bail out of anything when it starts to go down again).
If you were a banker, you’d do pretty much the same thing right now.
But since so much of the “demand” is concentrated in the hands of just a few big-time institutions, it will only take decisions of a very few people to have that “demand” suddenly vaporize (and be replaced by large sell orders)
ok to make hay while the sun shines, but keep your jogging shoes on... be ever watchful...
It also goes up if Obama doesn't get his major legislation through.Ex: When it became evident that cap and trade wasn't going to make it through a Dem Senate the market roared upward.
Same thing when the Dem Congress passed the Bush tax cut extension a couple years ago.
Now we have some fairly meaningly sequester cuts coming which IMO should be fodder for more upward movement.
Bingo! It’s thin air. Take your profits before it bursts.