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with the dow gaining 225 points the s&p climbing 49.9%, and the nasdaq jumping .89%. this is the type of day when i like to talk about the negatives. i like to talk about what has been causing the selling of late but not today. you see, i don t like to pile on and bring out the dancing bears only on those horrible days. that is what the other guys do. that is worthless. i m not going to let you panic, so use this amazing positive day to do some learning. let me give you the narrative that so far in 2014 has kept it from rallying let me prep you, so then you will know the drill and you will be ready. it s crazy out there these days. there are too many things happening all at once. that means a rush to the exit every time they see their shadows, now they didn t see them today. we all know the stock market has been on a major tear since the bottom in 2009. we know that the rally attracted many a new investors some of whom were turned on by exciting companies like tesla, and netf
New-yorkUnited-statesCanadaFloridaChinaIllinoisSan-diegoCaliforniaWisconsinGeorgiaMichiganWashington 4.8%. we saw the dollar soar today, something that should have and has put pressure on the averages. no, no, didn t impact them. the market went higher. how about the fact when you have a strong dollar that usually means oil goes lower, right? no. not today. oil went higher. even as everyone has been brainwashed into thinking a stronger dollar means weaker oil. we had a universal judgment every oil company is loyal to the buyout. royal dutch was down again today. and for the record alcoa kicked off earnings season last night with a strong quarter that supported an excellent 7% revenue growth and gave a robust forecast for every single aspect of the economy. autos, nonresidential and construction. the reaction? got hammered. no one seems to care at all. that won t be the case soon enough. i can t blame anyone for reacting to mergers all excited and stuff or possible mergers. that s because investors pile into any company that merged already or seems to be on the verge of merge
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