yes i know that...but why are people buying when there is so much negative news. sobemark - what do u mean? is it because fed is injecting money? ...I was hoping for a bit of an explanation as to why the market is going up. It just doesn't seem to make sense to me.
Deep pockets have shown their cards. If they are willing to step in while there is extreme pessimism, it pays to be on their side IMO. Emotion and logic are not necessary here. Follow their lead.
Coz thats how markets have worked for as long as there has been markets. Markets top when the news is the best and they bottom when its at the worst. At this point we have the Fed bailing out all the idiots who took on the subprime dirt that we are all worried about, so wall street is throwing a party. Don't worry, Wall and Broad need not lose a cent, Main will take it on the chin for em!
yes ...they are defending their interest rate targets ... this is a band aide ... bottom line is not that there is no money to lend...but there is no credit worthiness ...