The market masters desperately don't want another "down year" for Wall Street...
That could undermine the notion that we are all going to retire on our 401k "winnings"
And, that the stock market is the best of all possible places to invest your money...
Anyway, look for more "good news" to be reported by the government. And look for any bad news to be filtered out and marginalized ASAP in the coming weeks.
This market needs and wants a "happy face" to support it's year end rally...and it's going to get it.
The only potential trouble is that bonds will cease to be an "conundrum" in 2006...and rates will rise; but as I've suggested here below, many CD holders will be able to spend their increased yeilds at the stores...so higher rates might have a silver lining for Wall Street and Main Street...in the form of increased spending by savers...not borrowers!
And won't that be a change of pace!
Still higher rates for bonds longer term will provide an ALTERNATIVE to stocks...and that could tempt mom and pop to put more money in the banks' CDs...than in the speculative equity markets.
