But it should be remembered that it's not based on anything but yet again, well timed Propaganda.
What you did not mention is that they dove off a cliff to -60 right at the open, and were deteriorating very quickly, as they have done EVERY SINGLE NIGHT since this Propaganda Rally began on the evening of March 9th.
Then, all of a sudden, across the wires comes the Cover Story for the day:
Asian stocks soar on US plan, Japan stimulus hopes28 minutes ago
By JEREMIAH MARQUEZ
AP Business Writer
(AP:HONG KONG) Asian stock markets soared Monday ahead of a U.S. announcement to purge as much as $1 trillion in toxic bank assets and as Japan signaled more stimulus measures to resuscitate the world's second-largest economy.
Tokyo shares led the region's gains, with the country's benchmark hitting a six-week high, after Japan's finance minister said aggressive public spending to the tune 20 trillion yen ($208 billion) might be needed to end the country's painful recession.
Investors also were eyeing the U.S., where the Obama administration is set to unveil Monday its latest effort to heal the hard-hit financial sector and restore bank and consumer lending. The government is expected to create a new government entity, the Public-Private Investment Program, to clear from bank balance sheets up to $1 trillion in souring securities and loans at the root of the current crisis.
The initiative, which seeks to enlist private investors by offering billions of dollars in low-interest loans and sharing certain risks, was just the latest in an unprecedented effort by major governments to stem the worst global downturn in decades. It helped re-energize a global rally that started two weeks ago amid easing fears about the financial system.
"It's becoming difficult to remain bearish," said Desmond Tjiang, chief investment officer, who helps manage $3 billion in Asian equities at Fortis Investment Management in Hong Kong. "The governments have definitely helped ... and people are still hoping for a second-half recovery."
http://news.ino.com/headlines/?newsid=6897374777780And thus it has been with most all of the reasons they have given us for this "Rally" thus far.
Nothing of substance, nothing tangible, just "Hopes" "Assurances", and "Plans, Schemes, and Bills"
There is absolutely NOTHING that exists fundamentally in the economic environment that would give support or credence for this kind of Market Activity.
Yet people continue to scream and cheer because the Market is going up in huge gobs, for apparently no reason, but hey, it makes us feel good, so why question it?
You should question it because they can artificially support and manipulate the Market to whatever Price levels they want, but if there is nothing fundamental or tangible to support such Price Levels, sooner or later the Market will once again Collapse, and perhaps even harder than it would have because of the drastic dislocations caused as a result.
But I know, it's more important to feel good than face reality, and I just want bad things to happen, etc, etc, etc.
if you think an artificially inflated Stock market is going to be good for you economically, you should look a bit closer.
So let's ignore the fact that none of this activity is based in any sort of fundamental reality, and while we're at it, let's ignore what is happening to the Dollar because of the reckless Monetization of Debt by Helo Ben and his gang of merry gangsters.
http://quotes.ino.com/chart/?s=NYBOT_DX&t=fMy apologies for blowing your high.
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