Stock markets are likely to rise one more day…

The Fortune Teller Speaks:

US stock markets are likely to rise JUST one more day:) Janet Yellen has refilled the punch bowl.

Wall Street Beats & Jives:

Yesterday was a bullish day, as dovish nominated Janet Yellen refilled the Fed’s punch bowl and practically went long on gold (NYSEARCA:GLD). Yesterday’s jobless claims, trade deficit, and job productivity showed mixed results at best. The S&P 500 (NYSEARCA:SPY) rose .48%, the Dow Jones Industrial Average (NYSEARCA:DIA) rose .35%, and the NASDAQ 100 (NASDAQ:QQQ) rose .18%. All of the buzz seems centered on the FACT that markets cannot continue to up forever, however nobody really knows when markets will go down. I think another record is possible. Today also brings us the Empire State Index, Import Price Index, Industrial Production, Capacity Utilization, and Wholesale Inventories reports. We already have data on a few of those reports so far today, with the Empire State Index report releasing a negative -2.2 on the index and the import Price Index showing a .07% reduction in what we pay for imported goods.

Hindsight is a Beach and We’re Playing On It:

Wednesday I was wrong, again. I find it weird that stock markets (specifically the NASDAQ) rose 1% on the hope that Janet Yellen would continue to ease stock markets, only to rise .3% when Yellen actually stated that she would continue to ease stock markets.

Are Stock Markets Driven By Greed or Fear?

Greed is in. All of that FREE MONEY!! Any more records anyone???

Fun Fact:

There is a pesron in Portland, Oregon, who gets paid to spoon and cuddle with her clients. Check our her website: www.cuddleuptome.com. Check out the video on CNN. I’ll let you draw your own conclusions!