So what everyone is waiting for is the stupid money to come in and push the mkt to new highs. Excellent. There is no doubt in my mind that the mkt will make new highs probably on low volume confirming the stupid money coming in and then it's 2000 all over again. For every good earnings report there is a bad one which the mkt chooses to ignore. Just my thoughts.
All these posts confirm what i said earlier... Market will go higher because: 1.) low inflation 2.) low interest rates - long end 3.) money on the sidelines - corporations and retail thru home equity 4.) the majority of traders wanting to be short. Happy trading to all.
The market just fills gaps, the economy is awash in cash that needs a home. i bet that yhoo and intc fill the gap now. its insane but stocks are supply and demand and demand is far overwhelming supply now. take a look at the european markets - up every single day except july 7th.
and don't forget higher rates never thought bombs and rate increases were bullish.. but then again.. can't fight the market