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"Better-than-expected earnings, and reassuring guidance, from bellwether Cisco, along with some better-than-expected economic headlines, has set a positive tone," said Patrick O'Hare at Briefing.com. Joseph Hargett, analyst at Schaeffer's Investment Research, said the market was still digesting the Federal Open Market Committee's (FOMC) policy statement. Traders are coming to "the sobering conclusion as to why the Fed decided to leave interest rates at record lows for an extended period," he said. "While the Fed believes that the economy is improving, the rates are staying low out of concern for the strength of the recovery." A Wall Street rally fizzled Wednesday in reaction to the FOMC decision to maintain its present course of stimulating the economy with low rates and extra liquidity.
Nope. not even going to read it. i just know from hannity, rush, and beck that this racist kenyan-national president of ours is dismantling our great country piece by piece, starting with our economy!
Nope. not even going to read it. i just know from hannity, rush, and beck that this racist kenyan-national president of ours is dismantling our great country piece by piece, starting with our economy!
Why am i not surprise that you would get that from Hannity, Rush and Beck.
"Better-than-expected earnings, and reassuring guidance, from bellwether Cisco, along with some better-than-expected economic headlines, has set a positive tone," said Patrick O'Hare at Briefing.com. Joseph Hargett, analyst at Schaeffer's Investment Research, said the market was still digesting the Federal Open Market Committee's (FOMC) policy statement. Traders are coming to "the sobering conclusion as to why the Fed decided to leave interest rates at record lows for an extended period," he said. "While the Fed believes that the economy is improving, the rates are staying low out of concern for the strength of the recovery." A Wall Street rally fizzled Wednesday in reaction to the FOMC decision to maintain its present course of stimulating the economy with low rates and extra liquidity.
the market has been up and down constantly lately; gaining 150 points one day, losing over 200 the next. I am not putting too much into any of this right now.
it went ove 10,000 a few weeks ago. Let's hope this is a trend, I don't mean a trend to go up and down, but I mean an upward trend..
Nita
It's been following the same generally pattern for months now - upward for several weeks, then down (but not as much) for a week or so, then upward again even more - and it will continue to climb as long as the overall trend of news is generally good - which it WILL BE. In fact, I expect we'll see good news coming in at a faster pace as the recovery picks up speed.
Ken
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