YOu really don't have a clue do you?
What, again, i am saying is. A positive trend is beginning to show in data, that economy is possibly starting to move in the right direction. So markets are now aligning themselves with this, shown by a bull market from the beginning of this year. So they are correlating with the data. Now the markets feel the economy is being threatened by a possible loosening of QE, shown by a bear raid.
Were you alive in 2012, did you notice the massive bear market? So why oh why, if data has been positively trending for all this time, according to you..was there such a heavy bear market?? because there was no trend so attention turned towards Europe and politics.
There was no TREND last year in data in the US. One week you had a semi good job report, the next couple of weeks they were awful, then you had one week it could be perceived as beating the odds, to just have another bad report after that. So no trend was set. Get it?
Now good report after good report has been shown..since the beginning quarter of this year. So markets are turning their eyes over to the data and watching closely to see if the positive trends holds or fails.
OPEN YOUR EYES, following stock markets isn't just looking at one lousy chart.
Edited by Render, 21 June 2013 - 09:28 AM.