Rather, a zero interest rate reflects no money demand which indicates little added economic activity. Just enough to pay the bills.
Growth rate is tied to right fiscal policy. The US has never had low tax rates and constrained govt. spending.
With Japan one has to keep in mind that they're an effective socialist society. Socialism removes incentives necessary to rise above endemic anemia.
Underground is 5% of GDP and it's a zero sum game with no economic effect.
Most of the private sector jobs purportedly added were service jobs. That's reasonable. Like temps you can get rid of service jobs, fast, because most of them aren't contractual.
If there wasn't a free market working here, you would have no justification in operating in it.
None of that had any direct effect on stocks, only psychological effect. You can't predict other people's psychology. You can't predict how stupid you are.
FED doesn't buy US stocks. The only way foreign CBs can do it is through correspondent banks. According to my sources they aren't getting any such orders. If they did, the market would skyrocket, rise 1000 points.
So what drives it, grinds the market upward? Psychology of no alternatives, the worst reason of all to be in.
Your attitude is what constitutes "contrary opinion", that is, having a prejudice based on illusions which you can't quantify. One usually goes contrary to this kind of opinion. It's tough to do that now because in my judgment most stocks reflect their earnings expectations. Doesn't mean they individually or the list will start down. The list can spend the entire summer in distribution ruining anyone short.
Sounds like you need these various factors to do this and that. That doesn't work trading.
As for FED all the reserves FED creates go into member's reserve bank accounts. They aren't utilized. The level of C&I loan demand is too small for banks to pull on those reserves. They can fund existing loan demand internally. Thus, $85B/mo is having no material effect on any market, not even the 10yr Tpaper market. Stocks are rising because there's rising expectations for earnings.
Let me guess. You sold. You did so because otherwise you're gambling in that you have no trend going your way. The psychological cost is enormous because you have to sit there clinging by your finger nails. That's not how to trade. You have to keep your losses small.
Without a reason, however BSey the reason, the boyz won't sell. You can't hold lack of conviction, and that won't happen without a reason.