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Stocks continue higher, SPY +0.9% as Europe soars (FEZ +2%) following economic data (there,...

Stocks continue higher, SPY +0.9% as Europe soars (FEZ +2%) following economic data (there, here, and in China) that on balance was pretty weak. Leading the gains in the states is the banking sector - XLF +1.3% - following a big upgrade for Bank of America (up 3%).
Comments (2)
  • "following economic data (there, here, and in China) that on balance was pretty weak"

     

    Are people just speculating here ??? Maybe a big mistake ?
    23 Apr 2013, 11:06 AM Reply Like
  • I think there are a lot of foreign investors flooding into U.S. equities as many see U.S. equities as the only viable safe haven, i.e., there is no alternative (TINA). Especially with bond yields so low.
    23 Apr 2013, 12:28 PM Reply Like
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