Just an Insanely Resilient Market

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

gway

,

nov

,

bobe

,

bid

,

AMAT

,

kmx

,

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.

Columnist Conversations

PLUG is trading $42.41, down small with IV30™ up 0.2%. Conclusion PLUG is not in equilibrium... It cann...
So far we're seeing a nice counter-trend rally off time/price. If you are in this one, please trail up stops ...
Deere & Co is holding near key support as August comes to a close. The stock first tested the initia...
With just under 2 hours left in the trading day the markets are relatively flat, trading off the lows experien...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.