The stock market doesn't seem to be rational.
Here are the headlines of the business section of MSNBC
"Bernanke: Fed ready to act to boost economy
January durable goods orders plunge
Supreme Court hears Exxon Valdez case
As economy struggles, ‘stagflation’ threat looms
Oil breaches $102 amid weakening dollar
U.S. dollar sinks to new lows in Europe
Why Fed rate cuts may be spurring inflation
U.S. producer prices soared in January
Consumer confidence weakens significantly
IBM ups earnings outlook amid stock buyback
Obamanomics: Why small differences matter
More top economists see recession"
This is what's happening in the NYSE.
"Wall Street reverses loss, edges higher"
Doesn't seem to make much sense.
Arf