For the eighth straight week,the stock market continued their upward momentum,unfazed by the Greek debt worries that resurfaced or impending financial regulatory reform.For the week,the Dow Jones Industrial Average gained 1.7,while the NASDAQ rose 2.0 and the S&P climbed 2.1.A flurry of new home sales and ex-transport durable goods business lifted investors' spirits.They didn't seem concerned that there hasn't been a pullback in so long,things are starting to look toppy.We've been headed straight up for some time now,and the laws of physics will have to be reckoned with eventually-just not yet,in their opinion.
We all know about porn on the web.Peep show girls seem to pop out at you from every corner of social media.The cheapening of affection has never been so rampant-just another sign of the moral disarmament that is wearing civilization down,from Wall Street to the other side of the street-the Securities and Exchange Commission,it's regulator,where several high-ranking staffers are being disciplined for wasting taxpayer time on trivial viewing excursions.That was truly stupid.
The S&P futures were optimistic this evening,up 10.60,and bond futures were retreating,signaling a continuation of the week's gains on Monday morning.
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