And nothing seems to stand in the way of Google's own "Moonshot"...
What can stop the money runners from reaching their year end bonuses now!
Still, I don't know how many retail investors are actually "buying the story" about stocks...simply because there really is no story to buy... The market is going up lately, simply because it's going up.
No one seems to know why...although I have suggested it's so the money runners can "made their numbers" and year end bonuses. And perhaps to Keep the Story Alive that stocks are the "only place to be." Rememeber that old 401k "Chestnut" from back in the Bubble Daze of '99?
NEVERTHELESS, ITS UP UP AND AWAY FOR STOCKS...BUT THE NEXT BIG TEST WILL BE WHETHER DOW 11,000 CAN BE BROKEN...WITHOUT LOOKING BACK...AND WONDERING WHY!
THESE MAJOR NUMBERS HAVE A CERTAIN SOBERING EFFECT ON THE MARKET... GOOGLE CAN SOAR BETWEEN "CENTURY MARKS" WITH EASE... BUT YA GOTTA WONDER AT 400, 500, 600...WILL SOMEONE "GET REAL" AND START TO TAKE PROFITS? MAYBE...AND EVENTUALLY THE BOTTOM FALLS OUT, JUST AS IT DID WITH THOSE OLE INTERNET HOTTIES OF '99.... REMEMBER?
Right now the US economy is runnin on fumes...every macro number is like the Black Death. But the market keeps the rally going on the small stuff...brokerage upgrades, CEO comments, and creative accounting from the high risk/rollers who "just don't care" and still want to "make the money and run."
And of course there are the 401k "suckers" who flock every January...so now the "January Effect" happens in December as the Santa Claus Rally!
WALL STREET WILL DO WHATEVER IT WANTS TO DO.... AS LONG AS CHINA KEEPS WRITING THOSE CHECKS TO THE US TREASURY!!
