It's technical computerized gap-open buying. When the stock 'beats' its previous high of today after a gap open on good volume, the computers automatically buy. Nothing more. Many, if not most of the buyers don't even know what their computers bought. Their computers already have the sell programmed in.
It may be a congressman's entire staff and extended family. They are all exempted. Welcome to Animal Farm 2014.
The Federal Reserve says that there is no inflation. That is all you need to know. Now just BTFD and leave the rest up to the real power in the US, our Fed.
"The Bernax" computers will jump all over it to squeeze shorts. Rumors, whether fabricated or not, draw "The Squeezin' Bernax" with their free Fed money like flies to shxt.
and big bank execs that are TBTJ.
"Our first-quarter revenues were less than we had expected but nevertheless grew eight percent from a year ago, while non-GAAP earnings per share grew nearly 20 percent year-over-year as our gross margin expanded and we controlled our expenses. Praise the Lord for "Non-GAAP"! Funny numbers for a funny economy. GAAP 'growth' was less than 10% but who cares? It's different this time in the New Paradigm.
Great company but terrible results for all the mobile hype it received six months or so ago. They actually paid taxes this quarter instead of getting a massive Tech R&D tax credit to pump 'earnings', like all the "real" techs do. They need to fire accountants. After all, tech companies are simply banksters with gadgets any more. Engineers are a dime a dozen, while tax lawyers and accountants are the heartbeat of every company in the Bernanke economy.
After all, What difference does it make?!?! ALL impacts are tiny compared with the staggering flood of free money from the Federal Reserve. Nothing else really matters. Only endless ZIRP and Printing away each year's deficits matter. Buy every dip. The Free Crack is massive and endless.
What difference does it make? ZIRP, the perception of AGW, and Printing are all that matter. If it drops, BTFD. If it jumps, join the Fed Free Money Printing for Prosperity short squeeze.
Who cares? It's just a ticker on a video game played by hedge fund and TBTF bank computers with their free, 100% backstopped, printed money from the Fed.
Due to a century of currency debauching and inflation by the Federal Reserve to feed its international bank owners, $3.8 today is only worth $2, or half the original buying power 20 years ago, with easily double the number of original shares.
Only if the "Ticker Video Game" computers backed by free Fed money have a VIPS short squeeze programmed in.
The Large Cap Insurers, Industrials, and Transports are going hyperbolic now. Nothing can stop this market. Bernacke Superbubble III is dwarfing Greenspan Bubble I and Greenspan/Bernanke Bubble II. And all it took was endless ZIRP and Printing. Who woulda guessed that virtual Monopoly Money 1's and 0's from the Fed are all our economy will ever need for permanent 25% annual gains in the Fed's the stock market, and that tax lawyers "Non-GAAP" accountants, and lobbyists would be much more important to our economy than engineers, scientists, and Trades and Labor? Certainly not the savers and those on fixed incomes who have been destroyed by the Fed.
Why do "earnings" matter? What difference does it make?!?! The program trading computers are playing a Ticker video game. Earnings are just the "Start" button for the Greenspan/Bernanke video game that used to be called a stock market.
without New Paradigm accounting trickery.
will force an International Global Warming tax on all internet transactions, with special "Climate Change Value Add" punitive taxes on US companies and US ISPs. Special, massive bureaucracies will emerge, headquartered in Brussels and Tel Aviv, akin to and as opaque as the Federal Reserve and the IMF, to 'manage' the UN Taxnet/Internet. Internet 2.0 will become Taxnet 3.0.
The entire market has become a flash trading video game. Thanks, Bernanke, for taking all the risk out of "investing" and placing it in savings instead.
Panic buying as the bettors are soothed by The retired Bernack. The unaudited Fed will make its stock market go up forever as it backstops its TBTF banks with no oversight. NSA has learned a lot from the greatest and most opaque of all opaque companies, the Fed.
1999 will seem like a molehill when Fed Bernanke Superbubble III hits escape velocity. +300 Dow days will be 'small gains'. There will be no down days. Much like the past 5 years, but exponential.