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Market recap: Stocks surged behind a soaring Europe as markets took another look at what Mario...

Market recap: Stocks surged behind a soaring Europe as markets took another look at what Mario Draghi had to say at yesterday's press conference and liked what they saw. Adding juice to the rally was a better-than-expected gain in payrolls, though unemployment ticked higher. For the week, the S&P eked out a tiny gain. The 10-year Treasury yield jumped to 1.57%, its highest level in a month.
Comments (7)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
    Couple of August scenarios: VIX may sink further (below 15.50), on very low volumes and relative complacency; on top of that: moderate buying ahead of more Fed prognostications at the end of the month, or a flat market. Rumors (at any time) could retest ECB resolve in the face of German opposition, in the midst of vacation absentia. More likely, the real heat will return again in Sept.


    Illusions only work so long...until the mechanics are revealed.
    3 Aug 2012, 05:36 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9923) | Send Message
    Not sure how VIX can go much lower, but anything is possible. The central bank masters of the universe have certainly done a superb job of keeping markets propped up, and they may even be able to continue the charade for awhile yet.
    4 Aug 2012, 04:46 PM Reply Like
  • Cliff Hilton
    , contributor
    Comments (1423) | Send Message
    I try to understand how a market (those who's job/training it is to know what value is) can increase on bad results. Is this stock market worth buying? I bought F and SIRI in March of 2009. That was a good deal then; not today. The news was bad, like today. Prices were low, not like today. I sold both in April of 2010. Purchased BP in May 2010 and sold November 23, 2011. I hold 100% cash at the moment. I'm not a trader (by proper training), but have followed James Kostohryz and a few at Minyanville. Hence the profits. But this market looks like a con artist. If this keeps up for a while yet, I will take my bat and glove and go play ball elsewhere. I don't see much in the way of truth in the market. I can find other things to do with my money. Most will not care; today. I'm not the only one who is thinking about what to do if things don't get real. I keep thinking about this thing with FB...
    3 Aug 2012, 06:36 PM Reply Like
  • eagle1003
    , contributor
    Comments (1485) | Send Message
    The bears are losing their bluster.
    4 Aug 2012, 09:55 AM Reply Like
  • rpgpa
    , contributor
    Comments (65) | Send Message
    the market if you call it one is a giant rigged propaganda machine. If you all dont understand that get out. In fact do that regardless. There is a short ban in effect. Nobody ever got the press release. Never ever has a market been so false and screwed up, and such a fraud. Its so obvious you would have to be an idiot not to know it. Its all gamed to cover up how screwed up things are. If there were true pice discover going on we would be at SPY 1000. The fed has basically hijacked the market. dont dare and trade this joke until they let the market be one. Anyone who think this is a true bull market and not a rigged scam is clueless
    4 Aug 2012, 01:32 PM Reply Like
  • anonymous#12
    , contributor
    Comments (552) | Send Message
    "don't dare and trade this joke until they let the market be one"....


    So, what the heck are you doing in this website?? Eh?


    You should be in the circle jerk of doomers fantasies called zerohedge....
    4 Aug 2012, 09:45 PM Reply Like
  • Tactician
    , contributor
    Comments (22) | Send Message
    when the tide is running in the market's favor, better go with it for a time. There is some thought being given to prohibiting market orders to reduce volatility......
    4 Aug 2012, 11:57 PM Reply Like
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