Wall Street is a world unto itself . Unemployment, Libor scandals, Euro craziness and mortgage debacles....But somehow, the Dow has gotten up off the canvas and has reached 13,302 as of 10 minutes ago. Wow!
How do you explain it ? Short answer , you don't . You can rationalize it after the fact, but there is no way to look inside each " investor's head " to know their mindset. The slightest tick can set off a worldwide selling spree . So for the time being , while the market is no longer the investment tool it used to be , the Dow Jones Index is as mighty as ever.
Now , what is going to happen with Facebook?
Enjoy the weekend!
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