If you missed my point, then may I ask what your initial point was with the comment <<There is a "hysteria" being made about interest rates and it's unfounded.>>?
I don't see hysteria anywhere I look, so I wondered:
1) where that hysteria was, or how you defined it
2) what that hysteria had to do with market action
3) how you'd quantify the impact on the market.
I was curious about this since you included the comment after saying the indicators you watch are moderately bullish, so I assumed, perhaps incorrectly, that your comment was somehow related to the market. And I would agree that the interest rate concern is, based on history, unfounded. Which also leads me to believe that "big money" would know that too.
<<If you think I'm wrong, feel free to suggest something else.>>
Umm, I did. You felt I was wrong. Oil and politics are non-market-movers per you. Fine. Stalemate.
I would point out, though, that as for the Presidential election not impacting the markets... that makes intuitive sense. However, if you find research on years where a re-electable incumbant doesn't win, the market performs differently than the smoothed out Presidential cycle. So factually, it could make some difference. Again, this would be information/statistics that "they" all know. And no, I'm not making political predictions... just talking about other things that could be getting priced into the market.
At the end of the day, it really doesn't matter what moved the market. Nor we will ever know why with 90 minutes left in the day, everything that had supposedly moved the market before was cast aside. Doesn't matter. Price does.
the freep
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