Wall Street is Googling...and it's best to just let it go...
The hope is that the mom and pop investor will jump in and buy the techs like Cisco, Yahoo, Apple etal...like it's 1999! And perhaps the "rally" can continue for a while as the Street has an amazing ability to "make it's own gravy" in the news area...
Look for all bad news to be "back paged" ASAP... And the HAPPY TALK to be highlighted on the front pages...
Even the Alcoa news today was dumped because it didn't "fit the story line."
I've seen this movie before...perhaps some money can be made daytrading this hype...but the chances of long term profits in 401ks is remote...
Today's WSJ was a study in double talk... The economy is "good for bonds and for stocks" is the story line. The FED is going to "quit hiking rates." And none of the "bad stuff" will happen...
And gold? Well there is concern that the "man of peace" in the middle east may now be a "vegetable."
Let the Happy Talk continue...the Street is Googling... But don't worry the market masters will decide when it's time to "pull the plug." They always do!
