dow in denial

Is it just me or does anyone else get the feeling that no matter what happens we are going up. Last night there was negative news on the job front and on the manufacturing which was expected to be 1.6% down and it was 2.9% down. But no matter what happened buyers kept coming in.

I think funds are keen to keep this going. The bonds are yielding shocking returns at the moment so this rebate on dividends has convinced them to buy stocks.

But for how long can this really go on.

It was actually funny last night that the ECB lowered the rate by .5% and still the euro went up and the dollar went down.

Oh, almost forgot. And there is no and there will be no deflation either, not now, not ever.....apparently.