GOOG misses top line estimate and it goes up 30+ it should be down 15 from yesterday
so now we know stupid money is chasing
I guess we will need the next catalyst to scare the poop out of these stupid money managers and hedgies
seasonal play should do it - chorus was loud for a correction but when it did not happen just before it did you guessed it the idiots were jumping head first into the shallow end - a little bit of negative news China GDP coupled with the horrible events in Boston and the dumb money scatters out of mkt like roaches.
point is there will be a catalyst - probably macro data which will drive a correction - we just need more dumb money to pile into this and other stocks chasing yield before it happens in a significant way.
note it did not take much to get pessimism up when the dow was dropping triple digits