The Stock Market wants to go up
As an unsophisticated financial guy, I somehow feel the need to remark on the stock market!
So with all the rather depressing financial news, it just looks like the market doesn't want to trend to much lower. Watching the news and CNBC, there just seems to be one devastating tidbit of financial news after another with all sorts of uncertainty. Yet, the market seems to be hovering around the current lows.
On the other hand, the market seems to be seeking any reason at all to go up. Of course, there hasn't been many reasons to go up... but the market just seems like it is ready to explode with enthusiasm if and when the economy even *seems* to be changing directions.
Does anyone else notice this?
Unless you have the notion that we are heading for a financial Armageddon, these seem to be the kind of times that can make for nice profits.
Everyone is an armchair analyst!