S&P 500 got over 1015 on the 4th try
It is rather intresting to watch, though it is rather sick curiousity, how far the market can be pushed by the banks with all their free money. The news this week is really bad but the people on CNBC are all bullish and trying to explain the run up in the market this week. The explanations like: the things will get better (eventually), China will save us, mutual funds managers are underweight equities. The same explanations we heard over and over. Yet the simple truth is that the banks don't have any other place to put their FED money, so they are making trading profits with them. And because they are so big, they distort the market.
Just now S&P went through 1015 level like a rocket where it stopped several times before. It is pretty surreal, I tell you.