Inspector Jihad
Lifer
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Do you know how the stock market works? Just curious - because mega-news has a heavy impact on the emotion of traders around the world. When emotions are changed, they view things different, and, while this s extremely simplified... if they are all in elated moods, prices tend to curve up since everyone is looking for profits.
These are day-traders or in general short-term traders. They are often the ones who determine the major but temporary swings.
Nobody is saying the market is going to "permanently" go up, which is only true when the technicals of publicly-traded companies actually support the share prices.... but... it's not overly complicated. Not everything in the stock market is hard-coded to reality and business facts. Especially if looking at short-term trends; long-term trends, if investing for many years, are more stable to actual business technicals.... but short-term is a crazy world.
Additionally, the more optimistic the public becomes the more they spend. Strange stuff can affect spending patterns. If people feel more secure about their future they buy more. It's too early to tell if this will result in any major shift in mentality of the general public, but there is a possibility that next month's data will show more spending.
Also in the next month or so we'll see if there is more unrest because of this in the middle east. If there's a spike of terrorist activity its likely we'll see a similar spike in gas prices which will impact the economy.
I'm looking for a bump for at least the morning, and I'm looking to get out of some holdings. If it lasts the whole day, that's great.
I'm guessing it'll die down by mid-week if there is a decent bump.