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Clearly the economy is slowing, and the stock market continues to climb. As I watched the S&P futures this morning, those "mysterious" buyers showed up right on time taking the S&P from negative territory to positive territory with a push of a button. I wish I could do that.
Yesterday, an UBS analyst turned bearish on the airline sector by, "citing a slowing economy, which could crimp demand, and stubbornly high jet-fuel prices.
Here's the part I don't get, if the economy is "slowing" there is no way this market should be rallying unless someone or something is tinkering with it. So much for supply and demand. You can throw that theory right out the window.
Here are a few well respected websites that agree that “mysterious buyers”, and "unnatural" buying continues to prop up this market.
