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Economic Snapshot: Reasons Behind the Latest Market Rally


Our unscientific poll.


Cockeyed optimism or improved fundamentals? Cyclical bear market or secular bull market? Across the financial spectrum, everyone's trying to put this latest upswing in perspective. But here at Minyanville, we know the real reasons behind the latest market rally (and thought you should, too).

Reasons Behind the Latest Market Rally

Green arrows are in vogue this season.

Economic Snapshot
Everyone wants to see Barney Frank back to his old jovial self.
Unexpected growth in new home sales and durable-goods orders, healthy technology stocks and record bond sales. That, or unicorns.

As goes GameStop, so goes America's solvency.

Portfolio statements go out with smiley faces and i's dotted with hearts.
Night janitor discovered someone had set the Dow's regulator switch to "Recession."

Massive job creation by synchronized refurbishment of Congressional buildings, government offices and CEO summer homes.
Each morning on the floor of the New York Stock Exchange, "I Will Survive" is piped in over the loudspeaker.
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No positions in stocks mentioned.

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