U.S. stock index futures signaled a higher open on Thursday as investors welcomed comments from U.S. Federal Reserve Chair Janet Yellen's speech to Congress, which hinted that the central bank was not in a rush to hike interest rates. Concluding a two-day series of testimonies to various committees within U.S. Congress, Yellen said there would be no interest rate hike for "at least the next couple of FOMC meetings." She said an eye would be kept on the improving jobs picture and inflation.
No worries yet again as the Nikkei made fresh 15 year highs last night while everyone was sleeping, its now near 19,000...up another 1% last night, Im telling you the way the nikkei is printing free money it should be at 30,000 soon, where can you make on average 0.50%-1% compounded daily every single day? This is the most amazing global bull market in history, I hope there are people documenting this craze because this is one for the history books, this should be front and center on every newspaper around the world, it should making headlines on all finance sites especially cnbc, I don't know why this news is so hidden from the public, wouldn't it be great to make 1% every few days on your money risk free? Let the news be known! Nikkei hits fresh 15-year high amid mixed trade in Asia NIKKEI18785.79 +200.59+1.08% SHANGHAI3299.01 +70.17+2.17% HSI24902.06 +123.78+0.50% Nikkei 225 Index
Do not worry, by lunch time it will be positive and the talking heads will say...."well off the lows" approaching the highs of the session. Come on people this is so easy.
Never a down day in the land of perfect where all markets are managed buy the central banks to provide psychological support that everything is rosy.
and just like that the market turns around again.....the semis just don't quit, I have never seen such an ongoing rally aside from the biotech stocks, every single day for the last 4-5 weeks semis have been up, Im not talking a 2% rally either, Im talking huge gains. SMH and IBB just print money day in and day out..... Do people believe there is another 200% upside to this market over the next 3-5 years as there was the last 6 years?
Here is a very interesting statistic, so far this year apple has contributed to nearly every gain in the nasdaq, so basically this whole nasdaq 5000 topic is really just based on apple going higher with a market cap nearing $800 Billion, since its really one stock making this climb to help the nasdaq get ready for 5000, I think that is a problem since most of the nasdaq hasn't really taken part in this huge rally! But of course that will go unrecognized as we get closer to 5000 Imagine that 141 points of this run are all from Apple, 5 stocks fueling Nasdaq run CompanyTickerYTD % GainMarket ValuePoint Impact Apple AAPL 20 $775B 141 Amazon.com AMZN 22 $175B 35 Biogen Idec BIIB 20 $96B 17 Gilead Sciences GILD 11 $155B 15 Netflix NFLX 38 $28B 10 Total 218 The Nasdaq 100 is up 213 points so far in 2015 (through the close on Feb. 23). Based on current index weightings, shares of online video streaming company Netflix have contributed nearly 10 points to that total, given its 38 percent gain. A couple of biotech companies are the biggest contributors, with Gilead Sciences' 11 percent gain adding 15 points, and Biogen Idec's 20 percent gain worth 17 points. The second-biggest point contributor is online shopping giant Amazon.com, whose 22 percent rise has contributed 35 points. And finally, there's the obvious one: Apple. The world's richest company by market value dominates the rise in the Nasdaq 100. With a market cap of $775 billion, Apple's 20 percent year-to-date gain has contributed a whopping 141 points to the total. http://www.cnbc.com/id/102451251