re: Why is the stock market moving up?

quote:

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I'll go with "an international flight to quality". Investors may not think that they are buying at cheap valuations, but most likely fair ones.

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This makes sense to me. As bad as things seem in the U.S. (and they are bad in our area), U.S. stocks likely look like a good investment compared to alternatives. Government debt and uncertainty is a concern no doubt but Europe is in a mess and the situation in the rest of the world including China is even more uncertain. Unemployment remains high because businesses are running lean and more efficient = high profits. My impression is there is a lot of money sitting on the sidelines hoping for greater stability and investors in the stock market are apparently somewhat confident that an economic recovery while sluggish is inevitable.