Btw, the volume is tiny. Anyone with a $100k account can move the market. =P Like I said, the vast majority of the money is sitting on the sidelines, just what i am seeing from clients.
i know the market thinks ahead and prices in many bad factors. but the fact that a certain unemployment rate was expected and ended up much worse than expected should make the market tank, imo.
i think that
large unemployment + lower wages = less output from corporations and less revenues
but i agree on the point that the market is really far down right now. since 11.21.08 the market wants to go up imo, you can feel the upward pressure.