Skip to comments.Stocks Surge To Record Highs On Worst Economic Growth In 3 Years
Posted on 05/29/2014 1:51:10 PM PDT by PoloSec
One supremely smart CNBC talking head summed it all up, "today's negative GDP number was excellent news," and sure enough, thanks to someone's multi-billion-dollar bid at the all-time-highs mid-afternoon, we went to the moon, Alice. Trannies are on target for their best month since October (+5.7%). The dash-for-trash has a new life as "most shorted" have now risen 6 days in a row - the biggest squeeze in over 3 months. This all happened as bonds rallied (though yields rose modestly on the day), VIX rose, USDJPY would not play along and aside from the spike in volume, on a total lack of liquidity. Gold and silver were monkey-hammered early on but limped back off their lows as WTI crude rallied from the GDP print on. The S&P 500 is now only 30 points short of Goldman Sachs June 2015 target.
(Excerpt) Read more at zerohedge.com ...
Scary stuff...sum-fins bout to pop
so the stock market and Obama think the U.S. economy should be like a golf score - minus
As long as the POSOTUS and the FED keeping printing more and more worthless “deutchmarks” the jerks on Wall Street will cheer.
More “irrational exuberance”.
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I'm not getting this sentence.
Nah, their still pumping, what, $40 billion a month in monopoly money into the stock market?
Maybe the DJIA sees bad economic news as an indication that this QE^infinity will continue with no end in sight.
Transportation Sector stocks
This is about interest rates. The market thinks the fed will not raise interest rates soon because of weak economic data. When it looks like interest rates are going to go up the market will tumble, IMHO.
What could I have been thinking?
Biggest purchasers of stocks are corporations. They get dirt cheap financing to go into debt and buy back their stock to drive prices up. Makes the CEO’s and Wall St. investors very happy, to bad they have now blown the corporate debt bubble back to all time highs. Malinvestment is the norm, until it implodes.
Only you know what's between the ears and behind the eyes
Right on the money.
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