Question: What drives stock prices higher?
Evidence:
Thursday, 7/11/13
Financial headlines copied from Google Finance:
Chicago-area foreclosure filings dip in June while auctions soar
The Dow was up 140 points.
Answer: The Federal Reserve Bank
Question: Where will the Dow go from here?
Answer: Where ever the Federal Reserve wants it to go.
Question: When it comes to stock prices, does anything else matter other than the Federal Reserve?
Answer: No.
Question: Does anyone know anything?
Answer: No. UPS carries packages of goods that are bought and delivered throughout the US. They said sales and earnings were a bit lower due to a weakening economy. JP Morgan makes money by stealing it from americans and using it to make money from insider trading supplied by the Fed. They said earnings were good because of a strengthening economy.
Corporate health in the US depends upon which side of the river Styx they reside.
Disclaimer: The views discussed in this article are solely the opinion of the writer and have been presented for educational purposes. They are not meant to serve as individual investment advice and should not be taken as such. This is not a solicitation to buy or sell anything. Readers should consult their registered financial representative to determine the suitability of any investment strategies undertaken or implemented. BMF Investments, Inc. assumes no liability nor credit for any actions taken based on this article. Advisory services offered through BMF Investments, Inc.
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