Thursday, April 23, 2015

Twisted Markets!

This headline says it all:

Stocks Surge to Just 4 Ticks From New Record

Despite terrible economic data this morning, stock futures surged, reaching 2109 a few minutes ago. That's just 4 tiny ticks from a new all-time record high!

Headlines for 4-23-2015: Manufacturing, Home Sales Miss, Crude Surges $2

Now that's just great for the economy! (Sarcasm) Claims for unemployment rose, housing sales are the worst in two years, manufacturing disappointed by the most on record, and the price of crude oil (ie., gasoline) is UP by $2 today! But stocks barely blinked! As I post this, stocks are flat, but trending HIGHER! There simply is no longer any perception of risk or bad news! This is a recipe for disaster!

Claims for unemployment -- not improving!

Manufacturing - worst miss on record!

Home sales -- another bubble?
Crude oil surges $2 higher!
Stocks went positive after I posted this!