In response to:

Seeing All News in the Right Light

Chicken George Wrote: Feb 05, 2013 10:00 PM
It's true that the stock market will probably remain bullish for sometime the US economy is still in the red. Large companies are making profits but a lot of that money is made overseas. That money shows up on their books and is reflected in the stock market. it still remains that here at home companies are doing more with less.They are not expanding and hiring new workers; and to be sure, when Obamacare kicks in it will get worse. Also, the stock market is helped by investors who are parking their money in the market long term as a hedge against rising taxes.
Et Tu Punxsutawney Phil! Last week there were numerous opportunities for the stock market to pop on great economic news. That news never materialized, yet the market still edged higher. Simply put, the fix was in for a giant week that could have seen a new all-time high for the Dow Jones Industrial Average. I worry about the sanguine feel of the week.

My biggest beef is with the media, particularly media that covers the market. It is problematic to hear people that know better shower each piece of economic data with accolades that used to have to be earned with truly...
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