NASDAQ CLIMBS

NASDAQ continues to rise even when rest of INDEXES do not.  Look at the leaders and you can see the breadth or lack thereof.  FaceBook is not following this up trend today but Apple is rising.  All the rest of the Portfolio’s tech stocks continue higher but Industrials are struggling.  Citi and AIG are up.  How can this economy profit with Financials and Tech but not Industrials?  I understand drugs and cereal companies even though oil is declining (most of the cost of these companies are oil related–transportation+packaging) because the world depression is lessening.  BUT exuberance?  I think we have to be aware that Congress could create a World financial dive with their rhetoric and actvities.  Can the World really count on a solid financial and political Institution known as USA?

 

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