Broadcom had great earnings. AAPL beat big - only negative was that margins are less than expected. But it shows people are buying their products by the tens if millions. Bad manufacturing data means more central bank intervention - that's positive for the market. Also the $4 billion that the Fed is indirectly putting into the market every day is going to drive it up even in the absence of any other factors.
80B monthly printed electrically from FED to BANKS. which only circulates between two two.
The outside real markets don't really get reflected because of that reason. Why US gov did this? They don't really want us dollar to keep as basic currency while showing other countries we're in 'good shape'. But this human intervention and fraud will end very ugly at some point.
Techglass, if you're willing to part with $100 so easily, it shows the relative value of the $ having gone down - that is why stocks are up. It reminds me of meetings where millionaires and billionaires get together to talk about why is the economy so bad!
Fed prints money and buys junk from banks. Banks use the proceeds to make leveraged investments and help issue corporate debt. Corporations take on cheap debt to buy their own shares to help make earnings. Where it stops, nobody knows. Sooner or later, a 5% dip will cause a cascade of selling as over leveraged banks try to square their positions. It takes a 5% move for greater than 4 days to kick it off.