And not only that. There is also: - drop in the chinese market - lower unemployment - oil price increasing Yet, market is going up. I just want to give my 2 cents and write a couple of reasons: - volatility. Market has been choppy for weeks - some good news. Look, for example, at the ISM index. - earnings start next week, and they are supposed to be good. In short: some people might think that the market is going up again. They have been waiting for it for one month
I suspect that you do not want to know why. You want price to decrease. You might reflect on things doing what you want them to do. <img src=http://earthobservatory.nasa.gov/Study/HurricaneFieldStudy/Images/hurricane_fran.jpg \img> I want the hurricane to go away.
So far so good. SPX touched my resistance line for about 10 seconds yesterday and then settled lower. Sure to form, sellers stepped in and sold off fast the very next day just like the last two drops from that resistance line. Shift of money out of stocks and into bonds also causing my predicted 10-yr yeild crush. Without some good inflation news I see SPX at 1480 by August, but i don't see yields dropping below 4.9% for any extended period of time.