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  • April 4, 2008 12:30 PM EDT by Cody Willard

    When We Rally on Bad News

    Didn’t I mention yesterday something about this market’s ability to rally on bad news these days?

    That jobs report was clearly bad news. To be clear, I don’t care that it was worse than some clueless economists polled by some news organization or not. The point is that we lost 80,000 jobs as measured by our antiquated governmental measuring systems, and the magnitude of that along with all the data points we get elsewhere, simply confirms the hard economic times we’re going through.

    You really needed a jobs report for that? No, and neither did the market and thus…

    We rally on bad news.

    And that’s bullish.

     

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alpeesh shah

I think that prices of indexes are going higher due to weak dollar...e.g.any stock of 10$ has real value at the same time is only 8$....if one will sell the stock & buy anything like food etc. he will get lesser qty. this way inflation has entered in stock price.....?

April 22, 2008 at 6:43 am

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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