There are mortgage problems but with so many stocks and sectors doing well, the market seems to have dismissed it.
Dow is just 1400 points from record highs Buffet, Soros and other 'experts' were calling this one of the worst recessions ever...except for one small problem-there was no recession aside from a politically generated one. The money guys and funds on wallstreet KNOW there is no recession, no financial crisis, no credit crunch and no serious problems at all which is why they will keep bidding up the market.
Ya, nothing to it....that's why you turned to vapor the last 3-4 months during the downturn. Good traders can....oh, never mind, I forgot, you're a paper investor. Good luck with that B&H. lol
I'm flipping though the TV and there are the topics: CNBC is having the Detroit Auto Show All Access Bloomberg's Money and Politics is taking about Iran and Bush's visit with Egypt and sudi leaders. CSPAN is takling about AIDS/HIV prevention Fox Business New's Cavuto is discussing the China Earthquake Fox's Hannity and Combes is covering sex scandals and congressmen Here are the top headlines in Yahoo: ⢠U.S. aid lands in Myanmar; crisis deepensJunta slammed ⢠Clinton hopes for win in West VirginiaLatest numbers ⢠Superdelegates put Obama within reach of nomination'08 race ⢠Bush sets off for Middle East, unable to quell its troubles ⢠Increasing coyote attacks in California prompt investigation ⢠Some old gas pump dials can't register prices more than $3.99 ⢠Keyboards dirtier than toilet seats, consumer group says ⢠NBA Playoffs · NHL Playoffs · MLB · NASCAR · Golf · Soccer The news indicator is very bullish. No negative headlines and TV specials about recessions, credit crunches, liqudity crisis, consumers being 'maxed out', credit card debt, housing bubble, forclosures and all the other topics bears seem to obcess about. No one complaning about 'pain at the pump', rising food prices, rising oil, inflation, CPI/PPI, the war in iraq going on 'too long', McCain being Bush's '3rd term' and 'too old'. No one taking it to the streets. There is scant media coverage of these topics because they are not a big deal, except to the bears obviously. This means it is time 2 buy stocks. People are over analyzing the econ data due this week. There is no need to. The market will probably rally off the news. Even if it gaps lower, the market rally the same day or following day as it always does. Since March lows the market has been in a steady uptrend and this uptrend WILL NOT reverse anytime soon.