Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||Tumbleweeds! (Chicago PMI); entered at 2009-09-30 09:10:04|
The report is not bullish. I honestly don't know anyone bullish about the economy. I know plenty of people bullish about stocks. Stocks can, and will rise when there is so much free money in the system, and it has been proven that the gov won't let companies fail. If there's no risk and tons of money, of course stocks are bullish. This market doesn't care about the economy at all. It doesn't have to.|
Of course its all a big game of chicken and it will end catastrophically, but it makes sense to ride the markets while you can.