CD rates haven't been 5% for over a decade. Even old people know that the stock market historically has provided more than that per year. Maybe some still remember the 1930's and are reluctant to jump into the market, but it really is their best bet even if they're stuck with a broker who charges a couple percent.
And then it becomes support.
Central banks meeting this week. No volume next week. After Labor Day, big boys come back from vacation and see that they need to push the market up another 15% to make their numbers for the year. buy buy buy.
Only someone inside the company or working with an auditor or bank can prove the allegations. Your average short cannot. Your average long cannot, either. We are all just rail birds.
They will get even more overvalued. This is a central-market controlled rally. Earnings don't really matter.
Yes, equities were retreating on July 8, when that article was published. Seems a bit misleading to post about it now, eh?
What does he know that others don't?
Why complain about the game? If you know that bad news means the stock market will go up, just go long and stop whining.
Schedule could likely be shortened if Obama gets FDA or Health Canada to give them more money. After Ukraine and Gaza inaction, Obama needs headlines to make him look good.
I don't care if mm's are playing games and driving this down. Buy now and you will be richly rewarded.
Tech doesn't matter. Bank earnings are all that matters. Plus, it's monthly options expiration week - there is enormous pressure to make as many put options as possible worthless.
Wall Street looks at what a company will be doing 1 or 2 years from now.