Posted on 11/03/2010 7:56:53 AM PDT by TSgt
NEW YORK (CNNMoney.com) -- U.S. stock markets posted slight gains at the start of a busy Wednesday, after a big Republican victory in the midterm election and ahead of a key Federal Reserve meeting.
The Dow Jones industrial average (INDU) added 26 points, or 0.2%, and the S&P 500 (SPX) gained 2 points, or 0.2%. The tech-heavy Nasdaq (COMP) rose 2 points, or 0.1%. Stocks closed higher Tuesday after interest rate hikes from the central banks of Australia and India sparked an early rally. But the market traded in a narrow range for most of the day as investors remained cautious amid key political and monetary events this week.
(Excerpt) Read more at money.cnn.com ...
its all inflation. Look at the USD, its falling
PIMCO’s Bill Gross said the USD could fall 20%. Expect another round layoffs if OE2 comes.
You also have to remember that we did not capture the Senate. And, Obama can hide behind them.
The lame duck Congressional session concerns many investors/business owners.
The market is now made by the pros. The amateurs have fled the equity market to non preforming investments.
They will be forced to return by the need to earn a return and to flee the ravages of inflation.
Obambi needs walking around money for his trip to India!
There is absolutely no guarantee that American private investors will return to the American stock markets. If the Fed does announce QE2 today as it has been described I, for one, will be exiting the American stock markets immediately with no intention of returning in the foreseeable future. There are much greener pastures elsewhere in markets where freedom is still a valued asset.....
Breaking News: Ben Bernanke Caught Issuing Trillions to NAMBLA! In an unauthorized “Helicopter” quantitative easing action, Ben Bernanke was photographed hovering above NAMBLA Headquarters unloading box after box of $100 bills into the downdraft.
The Senate sends a bill to the House... "GUT IT, like a fish"... send it back..
Sounds like a plan.
As Jim Cramer said last night, this is all about propping up the stock market by devaluing the dollar. Jim thinks Helicopter Ben is doing us all a great big favor by keeping stocks and liquidity up but that his efforts are being hampered by a downward economy. No kidding, Jim?
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