The market is purely being driven by liquidity and pumping from the world's central banks*.
*Except for a few things, such as...
Initial jobless claims that keep grinding lower.
FRED
Chicago-era hiring intentions at the highest level since 1984.
ISM Chicago
And a rebound in housing starts.
FRED
And rising car sales.
FRED
Better and better readings from the Dallas Federal Reserve.
Dallas Fed
And a nice uptick in the Richmond Fed Manufacturing Survey.
Richmond Fed
And a collapse in anxiety about finding a job.
Reuters
And a big upswing in Gallup's survey of economic confidence.
Gallup
And a long string of positive numbers in Citi's Economic Surprise Index
Bloomberg
And, well... We could go on , but you get the point.
Please follow Money Game on Twitter and Facebook. Follow Joe Weisenthal on Twitter. Ask Joe A Question >
To embed this post, copy the code below and paste into your website or blog.
Active Users on BI right now...Click for more live stats »
| The World Bank's Growth Recommendations To China Should Make You Laugh 9
Oh the irony.
| We Need A New Form Of Capitalism For The 21st Century 49
| Ford Has Come Up With A Clever Strategy For Its Pension Crisis 14
| Remember The Last Time Everyone Thought Warren Buffett Was An Idiot? 83
| Why Portugal
| Bernanke Is Impoverishing Potential Home Buyers
| Great Graphic: Why We Should Be Glad We Didn't 'Let Detroit Go Bankrupt'
| Euro Gyrates, but Doesn't Break
| Eye-Witness History of Occupy Wall Street Movement Now Available
| The Unpredictable Market Reaction To LTRO-2
| PETER SCHIFF: Sorry, But There's No Easy Fix For Gas Prices
Everything You Missed From The Academy Awards 180,923 Views
The 10 Happiest States In America 134,097 Views
Here Are a Bunch Of Eye-Popping Photos Taken With The World's Most Powerful Camera Phone 118,311 Views
GAME-CHANGERS: 27 Brilliant Hires From Across The Spectrum 117,499 Views
What It's Like To Ride Your Bike 20,000 Miles From Alaska To Argentina 113,836 Views
It Is Such A Bummer That 'Conservative' Now Means Anti-Choice, Anti-Freedom, And Anti-American 155 Comments
Ron Paul Just Put On A Great Show In Front Of Bernanke 153 Comments
RON PAUL BELIEVES IN AN INFLATION CONSPIRACY THEORY: And Here's Why It's Totally Wrong 138 Comments
A Lawyer Who Is Also A Photographer Just Deleted All Her Pinterest Boards Out Of Fear 134 Comments
ROBERT REICH: The Loony Fringe Has Taken Over Half Of America 103 Comments
* Copyright © 2012 Business Insider, Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. | Disclaimer
Read Full Article »