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Tuesday, August 09, 2011
BREAKING NEWS: Stocks Soar After Fed Says Rates To Stay Low
Just a day after suffering through one of the worst days in recent memory, major stock-market averages rocketed higher. The gains were helped in part by the Federal Reserve saying it expects interest rates will stay exceptionally low for at least two more years. The Dow Jones Industrial Average got back a huge portion of Monday’s 634-point selloff, gaining 429 points and closing at session highs. The Nasdaq Composite index surged 5.3% and the S&P 500 rallied 4.7%. Treasury yields plummeted further and the price of oil dropped.From Fox News
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4 comments:
Thank You President Obama!
So if it is Obama's fault that the market crashed over the last two days, who do we thank for the market rebound today?
My guess is Reagan, but I have not figured out how you all will tell me that he is the answer.
Isn't this obvious evidence of price manipulation on the stock market?
The program on CNBC at 5:00 PM openly discusses the effect of the "machines" on the market price. The computers that are programmed to buy and sell the same stocks over and over and over creating their own volatility.
Get out of the market. If you are not on the inside you are on the outside.
The market goes up and down you can thank the FED for adding some certainty something Obama has failed to do. Obama has not passed a budget in three years and is the one who is at fault.
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