Just an Insanely Resilient Market

 | Sep 24, 2013 | 11:10 AM EDT  | Comments
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Stock quotes in this article:

gway

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nov

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bobe

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bid

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AMAT

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kmx

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aapl

Here's that resilience again. The market is almost insanely resilient ahead of what can only be described as "a sure thing" when it comes to an impending showdown in Washington.

What could it mean?

One: There will be no showdown?

Two: All that matters are interest rates, which are down again?

Three: Housing will come back now that mortgage rates are going down -- hence why Lennar's (LEN) stock is not declining on slower orders.

Four: China's now officially on fire and everything is just humming there.

Five: Europe's central banker is talking about keeping money easy.

Six: Mergers and acquisitions, activism and split-ups are happening all over the place: Greenway (GWAY), National-Oilwell Varco (NOV) Bob Evans Farms (BOBE), Sotheby's (BID) (rumored) and Applied Materials (AMAT) are all happening today.

Seven: Oil is coming down on possible Iranian peace overtures.

Eight: No big drop in employment coming.

Nine: CarMax (KMX) is saying "all systems total go" in autos.

Ten: A forceful Obama on Syria is making his views crystal clear.

Eleven: Apple (AAPL) is making a comeback. This represents the retail interests

Twelve: Hedge funds are very negative -- and they have to scramble until something really bad occurs, and it sure hasn't.

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