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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (372137)2/27/2008 10:14:42 AM
From: Road Walker  Respond to of 1576293
 
What I don't understands is, what's propping up the markets?

You got me, I was wondering the same yesterday. We had consumer confidence in the pits, oil at a record, dollar tanking, housing at a record decrease in sales, housing prices down, inflation huge...

Maybe they think if corps have pricing power it will reflect in corp profits. And they think the fed will lower rates.



To: bentway who wrote (372137)2/28/2008 1:54:59 AM
From: tejek  Respond to of 1576293
 
What I don't understands is, what's propping up the markets? Any ONE of those headlines would have made it swoon in the past.


Because the earnings season was not as bad as expected. And the problems still seem mostly confined to the US. Oil may be inflationary in the US economy but is not impacting Europe and Japan nearly as much since their currencies remain strong.


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