Right on the money.
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.
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.
Right on the money.