It fascinates me that for several months now foreign markets around the world have had 4-6% down days on fears of US economic weakness... ...and yet the US (ground freaking zero) itself can't even muster it's own 4% down day. Any explanation for it besides the continual devaluation of our dollar and thus asset inflation?
Agree, you see international markets falling between 3-5% in a single day on news that a US company had to be bailed out, yet our markets open here and they are nearly up....
the part that confuses me... lehman down 20% bear stearns down 90% citi down 5% wamu down 12% goldy down 6% fanny/freddy down 7-10% merril down 6% how can the market be flat?? where is the strength?? if lehman was up 20%, bear up 90% etc, the dow would be up 1000 pts..
It is a riddle, wrapped in a mystery, inside an enigma... ...and it is called the United States of America?
Why is the market only down a little? BECAUSE WE'RE STILL IN A BULL MARKET The spooz NEVER closed below 1252. Until then it's still a bull market. Bull markets go up. Thats how they work. IN a bull market you buy the dips. You don't sell short.
The US market is demonstrating its "confidence" and "hope" the Fed money pump can fix anything and everything. I believe it is a delusion which one day will be shattered.. but for now, confidence in the Fed is still a significant supportive influence.
Thats why it is still a bull market. In bear market all those would be down a lot more. Dow 12500 and then 13000 soon