The New York Stock Exchange closed up today as the rest of the world’s markets slid further into the abyss.
Hong Kong 9/12/2011
The rise in the last hour is the result of money from retirement accounts being used to shore up the market. Brokers are buying stock without any regard to the price of the individual shares. All the broker does is buy $250 worth of stock, collect his commission, get his POMO blessing from the New York Federal reserve and everyone is happy. Until reality hits the United States like it is hitting Europe.