As the masses sit at home watching talking heads debate if the economy is in recovery, the stock market continues to soar.
The Dow Jones Industrial Average added 164.8 points, or 2 percent, to 8,574.65, today. There were nearly 7 advancing stocks for each that fell on the New York Stock Exchange.
The Standard & Poor’s 500 Index climbed 2.4 percent to a four-month high of 929.23, capping its eighth weekly advance out of the past nine.
There's a couple of Wall Street adages that really apply at this time:
"A Bull Market climbs a wall of worry."
And most important: "Don't fight the Fed"
When the Fed is pumping money, and it is like it never has before, the stock market generally climbs.
And you heard all this here just as the Bull move was starting.
Outside of technical pullbacks, which can be pretty nasty, but not long lasting, this is one big roaring market--and the full economy is right behind--and right behind that is inflation like you have never seen before.. Which means, stay away from bonds. This is a stock play only.
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