[newnhdad]

so this deal was the equivalent of a short sale of an existing home in order to buy another larger house on the same no income, no job, no assets terms as the last one. That’s insane. Why is the stock market soaring?

[ZX12R]

so this deal was the equivalent of a short sale of an existing home in order to buy another larger house on the same no income, no job, no assets terms as the last one. That’s insane. Why is the stock market soaring?

I don't know much about the stock market, but my guess is that the rise yesterday was simply the market traders playing the latest trend, or just thinking that they are. Almost no one has hope for the economic future of America, as long as Obama and the socialists are in charge. Therefore, the amount of real investors in the market is Zero. The DJI is now nothing more than a trader's game, which cannot function normally.

[risen_feenix]

“Why is the stock market soaring?”
Conventional wisdom states that when bonds lose their luster, investors flee bonds and put the money in stocks.

More to it than that, but that’s part of it.