MARKETS GO WILD AFTER THE FED SAVES THE DAY: Here's What You Need To Know (DJIA +275, 1.64%)

BI ^ | 10-8-2014 | Myles Udland

[blam]

DJIA = +274.83

[BenLurkin]

There is going to be a very nasty boomerang some day.

[AZLiberty]

Your Fed in action, making sure there is no negative financial news until AFTER the election.

[cuban leaf]

This is getting fun to watch again. :-D

[AngelesCrestHighway]

This is ridiculous!

[dfwgator]

Screw the grandkids, let’s party!

[AngelesCrestHighway]

Make sure you’re not anywhere near the door when the stampede comes along...

[exit82]

Happy days are here again, Mamma!

[Aliska]

I’ve been watching about 3 stocks to hit bottom wherever that is before buying back in. I’ve been waiting for the major correction and have missed a lot of good action by doing so.

[MrB]

I see it more as an overinflated balloon.
You aren’t gonna see it coming, the POP!

[Attention Surplus Disorder]

Isn’t it odd that the DJ rose 273——almost EXACTLY the same number of points it lost y’day +/- 1 or 2 DJ points which is pure noise on a monster +34 point /ES rally?

[madprof98]

I think it rose on the euphoria of the gay-marriage crowd, who are apparently widely supported by corporate America.

[laconic]

Screw the savers who make nonexistent income on their savings while helping the high-profile gamblers on Wall Street.

[Zuben Elgenubi]

that the market now expects the Fed to wait longer than it currently expected to raise interest rates after the end of its current quantitative easing program, which is set to end this month.

Interest rates are essentially zero right now.

We as a nation spend $3.5T per year, roughly equally divided in thirds. One third for defense, one third for social programs and one third to service the debt.

When interest rates rise, servicing the debt increases and we are left with reducing Defense, reducing social programs or screwing the banks. Oh, if you didn't know it, the banks never get screwed.

[entropy12]

The administartion is pulling out all stops to help demorats in November.

[expat_panama]

This is exactly what we were talking about —welcome to VE1!

[Mouton]

I wonder how the FED is going to hold back negative ebola news?

[Darteaus94025]

MOAR FREE MONEY FOR EVERYBODY!!

[tx_eggman]

Your Fed in action, making sure there is no negative financial news until AFTER the election.

... and I'll be cashing out that Monday

[Sgt_Schultze]

Yup. Fed rates are not going up - they can't. If the US government ever had to pay market rates for $17+ trillion, we'd go bust in an instant. Here's a snapshot of Janet Yellen keeping the economy humming