No kidding. Lately it seems unrelated to what is going on. Amazing. Bad news=higher stock.
Call me Pollyanna, but maybe the market is anticipating a GOP Senate and House come November.
the market is just happy it was not far worse. They are looking for signs that we are entering a total collapse. Any data that is bad but not horrendous can cause the market to rise, because it is evidence against the thesis that the bad data from the past couple of weeks is the tip of some total collapse ice berg.
Any relationship to 0bama's speech last night, maybe? Just a guess.
any reputable brokerage would tell you to divest stocks-
Problem is- the govt. now controls the brokerages-
there is NO way the govt. can spend, I mean LOSE trillions
of dollars and have the market this high.
There is no way we can have Millions of NEW unemployed
and end up with More Tax revenues!
Which is why I have no money left in the stock market. Other unpredictable forces are at play. Very dangerous.