Closing comments: the market has had every chance to fall apart. Bad news, bad economic statistics. And yet the market closed near its high for the day. Evidently as long as QE continues, the players will play. The money managers cannot afford to be out of a rising market. The market is in the hands of the Fed and its stimulants. Nothing will stop its upward progress until the last block is placed on the tower and the tower falls over of its own weight.
Money managers are desperate to show profits. As long as the Fed follows its stimulation plans, the money managers will continue to pour into the stock market. They are ignoring all economic and political information. Janet Yellen has blamed the weather for the unsatisfactory economic data. It’s now clear that Putin means to levitate Russia to its former state of power. And he is playing the ... Log in or subscribe to continue reading.
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