‘Misleading’ market shifts Wall Street mood
The numbers look good on paper, but scratch the surface and this stock market rally may be running on fumes.
That seemed to be the consensus from a few worried market observers on Wednesday in the wake of another hitting-it-out-of-the-park day on Wall Street. (A day ago J.P. Morgan was preaching: stay in defensives) The Dow industrials DJIA +0.61% and S&P 500 indexes SPX +0.52% both closed at record highs. http://blogs.marketwatch.com/thetell/2013/04/...reet-mood/