[Chart courtesy of MarketWatch.com] 1. Moving the Markets Sure, why not? Manufacturing is in a clear recession and the services economy is about to follow, but the short squeeze continued late in the day with the computer trading algos pushing the indexes another notch higher towards the 2,000 level on the S&P 500. To my way of thinking, the markets …
Second Day Of March Modest At Most
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After posting its best start to March ever on signs the U.S. economy is perking up, U.S. stocks managed modest gains and the Nasdaq exited correction territory as investors digested the latest upward move and Super Tuesday results. Tuesday’s rally, which was powered in part by incoming economic data that allegedly suggests that recession fears …
When Bad News Is Good News And Good News Is Great News
[Chart courtesy of MarketWatch.com] 1. Moving the Markets As I was scanning the early news on MarketWatch, I cam across the headline “Wall Street gains as weak data spurs stimulus,” which was later removed and replaced with “Wall Street surges as data points to economic recovery” confirming that according to MSM bad news is good news and good news can …