Are We in a 'Bad News Is Good News' Stock Market?
From Minyanville - Wall of Worry
January 23, 2013 - 1:00pm
Consumer sentiment is down stock indices including the Dow (INDEXDJX:.DJI) S&P (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) are up. Eurozone GDP expectations lowered eurozone stock markets a la DAX (INDEXDB:DAX) and the FTSE 100 (INDEXFTSE:UKX) rose in response. What gives? Well we may have just entered that odd market environment when bad news is good news and good news is great news. Is this being caused by inflows into equities? Maybe. But the real question is whether or not this quasi-Goldilocks environment will continue. We'll see. Back in Worryville the Davos crowd has a lot to talk about. While there is likelyContinue reading this article »