Stock market going through the roof this morning! Is this just because of Intel's earnings??

[scheming daemons]

Gotta be more than that....

Any savvy investors know what is going on today?

[Warpy]

1. Who knows?

Whatever drives the stock market is completely beyond me and thee. Only the insiders know for certain. It could be a word dropped at some fancy soiree last night and spread around Manhattan through the wee hours. It could be because everybody got up this morning and the elastic in their shorts held. Maybe it's just because it's Wednesday.

It goes up, it goes down, and there's no real rhyme or reason to any of it. The only thing we do know is that we will never hear the real reason on any TV investment show.

[billyoc]

2. lol @"savvy investors"

Merril Lynch has declared the recession to be over, and that people should get rid of their cash and buy stocks.

Yes, that's right, they actually said that. From Zero Hedge:

http://zerohedge.blogspot.com/2009/07/amusing-morning-interlude.html?dsq=12690658#comment-12690658

[Cassandra]

6. I thought it was Merrill Lynch...

that was over.

[Uben]

3. People should buy stocks now....

....lots and lots of stock. Don't miss out on the bargains before it's too late. You need to cash in anything the banks haven't already taken so you can make your comeback..


Meanwhile, I'll be cashing out on the rally, so buy, buy, buy!

[kentuck]

4. I think it is a carry over from Goldman Sachs news yesterday...

They all have $$$ signs in their eyes now.

[mwb970]

5. It's the "unrec" feature. /nt