Zacks' Voice of the People Highlights user inthemoneystocks: "Happy-Pill Market Returns" from the People & Picks community.
For more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
Happy-Pill Market Returns
The markets are once again flying higher. Last Friday's massive sell off is ancient history. New 52-week highs are being hit once again and all is right in the world.
The sarcasm again bleeds through here but the basic facts are: a massive move higher has engulfed the markets today. The Federal Reserve is back in full force, crushing the Dollar which in turn lifts the markets. The Federal Reserve and head master puppeteer lost control for just one day, a split second in a time that is this market.
Last Friday, the collapse was major, as fear ripped through the markets over Egypt, the whole Middle East and the Suez Canal. As investors rushed for cover, volume surged as the Dollar ripped higher. The Federal Reserve was unable to control this move thus the markets collapsed sharply.
Thank goodness for them there was a weekend over which to calm nerves. By Monday, all was back to normal, light volume returned and the Dollar went lower. The SPDR S&P 500 ETF (SPY) is trading at new 52-week highs at $130.38, +1.71 (+1.32%) while the Dollar is getting crushed. The PowerShares DB US Dollar Index Bullish (UUP) is trading at $22.17, -0.19 (-0.85%).
The markets are being shot higher by key stocks like Exxon Mobil Corporation (XOM). XOM is trading at $83.12, +2.44 (+3.02%). This is a monster move in XOM and a new 52-week high. Just yesterday, XOM reported stellar earnings.
All sectors are moving higher on this broad-based rally. JPMorgan Chase & Co. (JPM) dramatically helping the markets today, trading at $45.80, +0.86 (+1.91%).The bottom line is this, as long as control is maintained by the Federal Reserve through a weaker Dollar and light volume, the markets will have only minor pullbacks.
If something erupts globally that threatens stability, the markets will drop sharply. The key will be is the global disruption viewed as a short-term minor issue like Egypt for now, or a bigger issue. This will be the one factor that will cause a major drop in the markets or just a minor one-day event.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more visit http://www.PeopleAndPicks.com
JPMORGAN CHASE (JPM): Free Stock Analysis Report
EXXON MOBIL CRP (XOM): Free Stock Analysis Report
Zacks Investment Research
Market News and Data brought to you by Benzinga APIsFor more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
Happy-Pill Market Returns
The markets are once again flying higher. Last Friday's massive sell off is ancient history. New 52-week highs are being hit once again and all is right in the world.
The sarcasm again bleeds through here but the basic facts are: a massive move higher has engulfed the markets today. The Federal Reserve is back in full force, crushing the Dollar which in turn lifts the markets. The Federal Reserve and head master puppeteer lost control for just one day, a split second in a time that is this market.
Last Friday, the collapse was major, as fear ripped through the markets over Egypt, the whole Middle East and the Suez Canal. As investors rushed for cover, volume surged as the Dollar ripped higher. The Federal Reserve was unable to control this move thus the markets collapsed sharply.
Thank goodness for them there was a weekend over which to calm nerves. By Monday, all was back to normal, light volume returned and the Dollar went lower. The SPDR S&P 500 ETF (SPY) is trading at new 52-week highs at $130.38, +1.71 (+1.32%) while the Dollar is getting crushed. The PowerShares DB US Dollar Index Bullish (UUP) is trading at $22.17, -0.19 (-0.85%).
The markets are being shot higher by key stocks like Exxon Mobil Corporation (XOM). XOM is trading at $83.12, +2.44 (+3.02%). This is a monster move in XOM and a new 52-week high. Just yesterday, XOM reported stellar earnings.
All sectors are moving higher on this broad-based rally. JPMorgan Chase & Co. (JPM) dramatically helping the markets today, trading at $45.80, +0.86 (+1.91%).The bottom line is this, as long as control is maintained by the Federal Reserve through a weaker Dollar and light volume, the markets will have only minor pullbacks.
If something erupts globally that threatens stability, the markets will drop sharply. The key will be is the global disruption viewed as a short-term minor issue like Egypt for now, or a bigger issue. This will be the one factor that will cause a major drop in the markets or just a minor one-day event.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more visit http://www.PeopleAndPicks.com
JPMORGAN CHASE (JPM): Free Stock Analysis Report
EXXON MOBIL CRP (XOM): Free Stock Analysis Report
Zacks Investment Research
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