Why did the DOW regain it's 2016 losses this week?
No one is paying attention, right? There is no clue among candidates or their constituencies to what occurred this week, right? Was there any discussion of the rebound of Wall Street this week?
Even CEOs didn't know what happened this week. They are delighted their stock prices are moving higher and they don't care what happened this week. Believe me when I state CEOs are nobody. They make stupid decisions and those decisions only benefit them and short term profits at the cost of quality of life of every human being on Earth except the top earning 0.01 percent.
So, what happened this week?
Why is Wall Street smiling as if they have caught a leprechaun and a pot of gold?
The US Dollar dropped in value after the stabilizing of interest rates by the Fed. The job numbers and strengthening of the labor market meant nothing. NOTHING. Wall Street hates labor and is a bit dismayed with labor stability because it takes profits (or so they think) away from their BONUS CHECK.
The US Dollar softened, the stock prices softened and became the place to scoff up stocks because of the stability of those long lived stocks and their ability to return profits even in poor economic times.
March 20, 2016
US stocks are opening slightly lower (click here) despite a raft of generally positive economic reports as investors await the Federal Reserve's comments on the state of the economy later in the day. "A range of recent indicators, including strong job gains, points to additional strengthening of the labour market", it said. "They are obviously volatile ... they only need to stabilize at a higher level", she said. Fed policymakers had been expected to leave short-term interest rates unchanged while signaling that a rate hike is not too far off as long as the job market and inflation continue to improve. However, Janet Yellen, the US Federal Reserve Chair, indicated in her press conference, that the US economy is strong in spite of the global slowdown and global developments will be monitored....
No one is paying attention, right? There is no clue among candidates or their constituencies to what occurred this week, right? Was there any discussion of the rebound of Wall Street this week?
Even CEOs didn't know what happened this week. They are delighted their stock prices are moving higher and they don't care what happened this week. Believe me when I state CEOs are nobody. They make stupid decisions and those decisions only benefit them and short term profits at the cost of quality of life of every human being on Earth except the top earning 0.01 percent.
So, what happened this week?
Why is Wall Street smiling as if they have caught a leprechaun and a pot of gold?
The US Dollar dropped in value after the stabilizing of interest rates by the Fed. The job numbers and strengthening of the labor market meant nothing. NOTHING. Wall Street hates labor and is a bit dismayed with labor stability because it takes profits (or so they think) away from their BONUS CHECK.
The US Dollar softened, the stock prices softened and became the place to scoff up stocks because of the stability of those long lived stocks and their ability to return profits even in poor economic times.
March 20, 2016
US stocks are opening slightly lower (click here) despite a raft of generally positive economic reports as investors await the Federal Reserve's comments on the state of the economy later in the day. "A range of recent indicators, including strong job gains, points to additional strengthening of the labour market", it said. "They are obviously volatile ... they only need to stabilize at a higher level", she said. Fed policymakers had been expected to leave short-term interest rates unchanged while signaling that a rate hike is not too far off as long as the job market and inflation continue to improve. However, Janet Yellen, the US Federal Reserve Chair, indicated in her press conference, that the US economy is strong in spite of the global slowdown and global developments will be monitored....
Once again, the stock were purchased during soft prices and escalated with the new purchases and Wall Street returned to it's beginning of the year levels.
This past week PROVES it is a "Bear Market."
This past week PROVES it is a "Bear Market."
