Any other time the dow would be down 1 to 200 pts today, but not in this bionic market. The computers just can't seem to get enough of this overblown market. Pretyy amazing when you look at where the averages are versus reality of the economic picture. Nazdaq at 3500 and nobody has grown earnings in 5 years. The dow even worse. Everybody praises Bernanke, yet nothing he has done has changed anything , except punish savers and award the crooks that got us into this mess.
Since the feds won't admit that their antics haven't worked for the past 5 years they are now going to blame congress. I guess Ben figures if the king can get away with it , why not king II
Intc, Ibm , cat , bank of amer, mcd, and so on have all had bad earnings, and the numbers were lowered going into earnings to start with and the dow still goes up 300 pts in a few days. They dare you to short it. Big ben stll throwing billions into stocks to make people feel better but the fundamentals don't match the price. How long can they keep the charade up? Going on 4 months now. Market forward looking ? Thats the biggest BS line used by the talking heads. They just use it when they can't justify reality. Of course as long as Big Ben wants to keep ruining the country with his debt , I guess the markets will never correct to a justified means. He has no business being head of the fed but the markets like him because he gives them free $$$. I guess he and the king have had a pow-wow. Give them free stuff and they will ignore the facts
A terrorist attack on our home soil, and the market is up 150 pts. You don't see anything wrong with that concept. Its not the $$ either. I guess everybody woke up this morning and said to themselves " Lets go buy some stocks " . Bombs killing people can't deter us !
Market dives 100 pts on the news in Boston, but they jack up the futures today over 100 pts telling the world that it was meaningless. The arrogance of this market has been something to watch. Bad news , it goes up because it keeps Ben in the game and good news it goes up, like its sitting at lows instead of all time highs
They are so afraid to let the market sell off 2 days in a row, knowing if it ever starts, the computers will take it down, just like it went up. Everyone knows this is the most bogus market to ever exit when compared with reality and economic activity. Take Big Ben and his idiotic followers out of the picture and the dow wouldn't even be at 7k, but thats another story. How long can they keep the illusion going ?
Same ol thing , the market grinds all day for a loss and the next day they ramp the futures up on hope and a prayer, and its like nothing happened. They , the big boys, can throw small amounts of $$$ at the futures market and never have to buy anything. Basically a big joke !
And the dow didn't move ? Pattern lately has been down on Mon and then a ramp up on Tues, for no reason. A market that never goes down, never ends good, but for now ?
Fed ex warns and misses and now orcl today, that should be good for another 100 pt spike in the dow. Who cares about earnings, as long as the analyst keep lowering the #'s in time for a beat