http://www.ajc.com/business/dow-rall...=brkng_nws_bnrQuote:
Dow rallies after Fed statement, up 429 points
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http://www.ajc.com/business/dow-rall...=brkng_nws_bnrQuote:
Dow rallies after Fed statement, up 429 points
Yay!!!
Till it drops again.:D
I would think so. After the drop yesterday, people with cash to invest saw a gold mine. I don't blame them, yesterday was a buyers market. I was expecting a rally today, and the Fed could still hold on to this. Hell, Obama could hold on to this little rally with the right words.
Instead of playing the blame game and his typical ideological bull shit, he should come out and say that Washing is working hard to reform entitlements, blah, blah,blah. I'll be taking the reins and pushing Democrats and Republicans into the center to smartly squeeze out that extra $2T that the Act missed, blah, blah, blah. Medicare, medicaid and Social Payments will keep coming, but we have to make these programs leaner, blah, blah, blah.
Basically, he needs to pull a Bill Clinton.
Hell, if he would have done that yesterday he could have stopped the drop.
Good news for now....
AP posting rules, #10
http://www.conservativeunderground.c...ad.php?t=42240
They are probably smelling Stimulus 3 in the air and the thought of more of Bernake's funny money floating through their brokerages.
Buffett and Immelt are probably whispering sweet nothings into Tiny Tim and Obummer's ear. QE3 will be here before the end of the year.
A couple of months ago I used to poo hoo gold bugs that said it would go up to $2,500 by the end of the year. Looks like 2k is doable.