[cwhiz]

The market is not much more than a collective guess as to where things are heading. The market today is a reflection of where investors think things will be in the future. That’s why the market tanked before the economy did and why it is up before the economy actually recovers.

It’s also totally irrational, might be rigged by the fed, and is almost certainly a glorified ponzi scheme.

The reason it shot up yesterday and this week is because the unemployment numbers for May were better than expected. There are numerous reasons to be skeptical of this data but, like I said, the market isn’t rational.