2011年4月23日星期六

Wall Street euphoria, confidence and record annual zenith

That's it, the Dow Jones (+0.42%) was pulled upwards by about thirty points in the last quarter of an hour to register a score of 12. 500Pts and finish the week above (12.506Pts). Price manipulation does even more careful to remain discreet and to inspire a news "concrete" that would justify the last minute to register new annual records. This is a show of force that seeks only help make the best use of arbitration which shall only of themselves and are intended only to serve the public interests of insiders.
This increase is consistent with an atmosphere of deliberate and resolute denial of the macroeconomic environment (bad stats, alarming signals internal policies, U.S. budget deficit unresolved) just to emphasize that the only micro-economic aspect of quarterly results. Without question a moment on their "sustainability" or the miracle of a permanent money surplus which exists by the grace of printing money from the Fed. It's blissful euphoria typical "it wins every time" everything rises indistinctly, oil, copper, gold, stocks, interest rates ... we have only bet with your eyes closed: no losers, free meal for everyone, which is the Fed regia.
"There is so much money that we do not know what to do" indicate many strategists. Investor confidence is at its highest (80% of managers bullish, it's more than in January 2000 or October 2007), the VIX is at historical low income (14.5 Points) 3 days after having jumped to 21pts .
The surveillance of the negative U.S. debt by S & P "and the reasons for this decision did not matter because Apple sells a lot of I-Phones and full Intel chipset High performance is everything account in the eyes of Wall Street, nothing else exists.
The remaining deficit, the $ 112.5 per barrel, the housing prices, which fell again -1% in March, disappointing employment figures, the plunge of the index "Philly Fed" to 18 , 5, against 43.4 in March (and 37 expected), it's like it happened in a parallel world.
Do not try to "reason with the market" postulates an adage because "it will correct its own excesses" (the danger is that it focuses systmatiquement "flight forward").
The Nasdaq took 0.63% (at 2.820Pts) in the wake of F5 Network (+5.4%), JDS Uniphase +5.8%, +4.1% Netapp, Motorola 3.7% E-Trade +3.3%, +3% Qualcomm, Broadcom (+2.2%) and of course Apple (+2.4%).
Among the few folds of the day include pharmaceuticals with Pfizer drop of -3%, Gilead -4.2%, -8.4% and Teva RIM (-1.2%) and Mattel (-1%).

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