These just don't seem to go together...
Stocks Lift Even as Oil Prices Soar- AP
Stocks reversed early losses to trade modestly higher Tuesday, as investors monitored the movements of record-high oil prices but still laid bets that the economy and companies are in recovery mode.
Oil Nears $123 on $200 Oil Prediction, Supply Concerns- AP
Fannie Mae Loses $2.2B in First Quarter- AP
UBS Axes 5,500 Jobs, Sells Ailing Assets- AP
79% of Americans Say We Are in a Recession- CNNMoney.com
I am continually amazed by the way the market keeps heading up despite rancid economic news. Does Wall Street really think the bottom is in, or are we just seeing a massive tape-run ahead of the end of earnings season, and the preparation for a major summer dump?