THE MARKET DECIDED IT WAS TIME TO GET HAPPY... NO MATTER WHAT THE NEWS WAS....
AND THE ANOMALOUS RETAIL TRADE NUMBER...WHICH EVERYONE SAYS IS "OFF"...WAS GOOD ENOUGH FOR TODAY...
TOMORROW...WELL THE SHILLS WILL FIND SOMETHING...OR MAYBE NOT...
ONE "SECRET" THAT COULD BE SUPPORTING THE MARKET...IS THE RECENT PLUNGE IN CD RATES AT BANKS...
A LOT OF PEOPLE SIMPLY WILL NOT TAKE LESS THAN SAY...2.5% ON A 6 MONTH CD... SOME OF THAT MONEY COULD BE PLUNGING INTO THE MARKETS NOW...
IT WILL BE A BIG MISTAKE...BUT I SUSPECT THERE IS SOME OF IT GOING ON...
THE LOWER RATES HAVE YET TO BITE ON THE ECONOMY....BUT AT THE BANKS SAVERS ARE FEELING THE HEAT....RIGHT NOW!
