Liquidity Is Driving Stocks Higher

Headlines provide the lame explanations for a public looking for easy answers. Capital knows that liquidity (currency devaluation) is driving this game. The chart below illustrates this point.

Devaluation Steps: S&P 500 Total Market Return and Inverse price of Gold


Greek Rescue Hopes Rile Up the Bulls; Stocks Soar

Optimism that Greece will be able to take the necessary measures to avert a default lifted Wall Street's sentiment and sent the major market averages soaring more than 1%.

The Dow Jones Industrial Average jumped 145 points, or 1.2%, to 12,189, the S&P 500 rallied 16.6 points, or 1.3%, to 1,297 and the Nasdaq Composite climbed 41 points, or 1.5%, to 2,729. The FOX 50 was up 9.8 points to 908.

Source: foxbusiness.com