If anyone needed to know what drives the stock market, this last weekend should have sealed the deal.
Last weekend the first decent sunspot in Cycle 24 emerged. Here’s a breathless report from Watts Up With That. SolarCycle24 gives comprehensive data on all the sunspots thus far in Cycle 24.
As usual the traders got an early look at the data and Wall Street soared 7 percent in late trading on Friday to close down a mere 1.5 percent on the day.
The sunspot was waxing all weekend. What could it mean? The outcome was obvious. Today the Dow soared 11 percent in the largest point gain ever and the fourth largest percentage gain ever.
Are you convinced now? Come on now: what would it take?
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