Mr. Spock Wouldn't Like This Illogical Market

Once again, the illogical trade is working. The logical trade was to sell into the opening strength. The market never sold off much last week on worries about North Korea and the two hurricanes, so why should it rally much on news that neither is as bad as expected? Bad news was never discounted, so why should the fact that it didn't occur be cause for buying?

That sort of thinking is what has consistently confounded the bears. That isn't the way the market is operating. The action is not at all correlated to the discounting of news events. What drives the market are computer programs that embrace the path of least resistance, which generally is upward....193 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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