Wall Street rallies on data; dollar falls versus yen

Comments (24)
divinargant wrote:

Stumbled?

Jun 12, 2013 12:21am EDT  --  Report as abuse
SanPa wrote:

Its about time … this Fantasyland Ride is over.

Jun 12, 2013 12:54am EDT  --  Report as abuse
breezinthru wrote:

It seems to me that China’s massive and frail shadow banking system might cause more market fear than Central Banks.

Jun 13, 2013 1:05am EDT  --  Report as abuse
satori23 wrote:

Divorce papers came through?

Jun 13, 2013 4:28am EDT  --  Report as abuse
RanKelvin wrote:

Sadly the news accounts will drive the less knowledgeable in their investments. While Japan continues to swoon or China may have shaky banking structures in place, has anyone asked the question where will all that money in foreign markets go? Well if you lived through past times such as this one you would know that after a brief slide in US equities, many savy and wealthy investors find their way to the US. Even with all of the concern for our debt and the lunacy of this administration, one thing remains very clear: American companies are the best in the world, in the safest country in the world and therefor offer the best location for investment. Hard to believe but after this brief summer swoon we will see surge back to old highs. Then, when the voters put obama back in his cage next year, an incredible surge in US markets. This is the secret that investment houses do not want the retail investor to understand.

Jun 13, 2013 7:25am EDT  --  Report as abuse
canrancher wrote:

The “market” is telling the Bernak that he must continue printing apace. The stock bubble that the Central Banks have blown hangs in the balance,…. There has been no “recovery” since 2008. The Central Banks have merely papered over the problems with imaginary money. That will work,…until it doesn’t.

Jun 13, 2013 7:53am EDT  --  Report as abuse

With merely a hint that the wall street ” fiat express” is tapering, the markets around the world tremble in fear ! What did they expect ? Did they really think this can go on forever? These wall street moguls have gotten rich beyond belief on the backs of the U.S. taxpayer,and that is criminal as main street America continues to suffer in an economy that has been in depression since 2008. Make no mistake here,we are in a depression,where are the bread lines? They are virtual bread lines in the living rooms of the 60 % of Americans on food stamps and welfare in this country, Got Gold ?

Jun 13, 2013 8:06am EDT  --  Report as abuse

With merely a hint that the wall street ” fiat express” is tapering, the markets around the world tremble in fear ! What did they expect ? Did they really think this can go on forever? These wall street moguls have gotten rich beyond belief on the backs of the U.S. taxpayer,and that is criminal as main street America continues to suffer in an economy that has been in depression since 2008. Make no mistake here,we are in a depression,where are the bread lines? They are virtual bread lines in the living rooms of the 60 % of Americans on food stamps and welfare in this country, Got Gold ?

Jun 13, 2013 8:06am EDT  --  Report as abuse

It’s criminal that these wall street moguls have gotten richer than you or I could ever imagine,all on the backs of the American taxpayer ! It has been galling to have to sit back and watch this as most of us continue to be mired in the great depression 2. You don’t think we’ve been in depression? Where are the bread lines? The bread lines are in the living rooms of the better than 60% of Americans on food stamps,welfare,disability,they are virtual bread lines but make no mistake,they are bread lines ! This had to end,Though I can’t help thinking ……Q.E. 4.5.6.7 and on and on and on.

Jun 13, 2013 8:18am EDT  --  Report as abuse
lingsun43 wrote:

“If you look at it historically, there has never been a period when the Fed has started to take back stimulus that has left the markets untouched,” said Hans Peterson, global head of investment strategy at Swedish bank SEB.

Actually, there’s never been a period where the Fed was destroying the dollar until the last few years.

Jun 13, 2013 8:19am EDT  --  Report as abuse
DwDunphy wrote:

You can’t subsist on the sugar water forever.

Jun 13, 2013 8:27am EDT  --  Report as abuse
JackinFL wrote:

Quite a Wall Street bubble you have there Mr. President. Wouldn’t want to be in your shoes when it pops.

Jun 13, 2013 9:00am EDT  --  Report as abuse
chipgiii wrote:

Once again we see that these guys are not the geniuses they tell us they are as another “cure” strategy may have a costly result. Makes me wonder which is better – this slow bleed, or a shorter hemorraging that would have hurt but not been torturous.

Jun 13, 2013 9:07am EDT  --  Report as abuse

Ezekiel 7:19
King James Version (KJV)
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the Lord: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.

Jun 13, 2013 9:08am EDT  --  Report as abuse
Northforker wrote:

This is all going to come crashing down around the community organizer’s table of communist czars and their failed coup against the US. People will go to prison or even better, suffer the fate of the European dictators of the 20th century! Socialism is great, until you run out of other people’s money!

Jun 13, 2013 9:19am EDT  --  Report as abuse
forteinjeff wrote:

Take heed, the less we owe the banks, the less they own us. Looks like interest rates could spike pretty soon along with more inflation. Hang on, now the real ride begins.

Jun 13, 2013 9:28am EDT  --  Report as abuse

Just a little market “correction” (I love that term!).

Jun 13, 2013 9:59am EDT  --  Report as abuse

Isn’t “stimulus” just another word for monetizing the debt. Printing money that waters down every dollar we hold, causing inflation and making loans artificially too easy. Stimulus only helps the very richest, i.e. financial institutions, it hurts the average americans and makes the markets unnecessarily volatile.

Jun 13, 2013 10:29am EDT  --  Report as abuse

Isn’t “stimulus” just another word for monetizing the debt. Printing money that waters down every dollar we hold, causing inflation and making loans artificially too easy. Stimulus only helps the very richest, i.e. financial institutions, it hurts the average americans and makes the markets unnecessarily volatile.

Jun 13, 2013 10:29am EDT  --  Report as abuse

Isn’t “stimulus” just another word for monetizing the debt. Printing money that waters down every dollar we hold, causing inflation and making loans artificially too easy. Stimulus only helps the very richest, i.e. financial institutions, it hurts the average americans and makes the markets unnecessarily volatile.

Jun 13, 2013 10:29am EDT  --  Report as abuse

Isn’t “stimulus” just another word for monetizing the debt. Printing money that waters down every dollar we hold, causing inflation and making loans artificially too easy. Stimulus only helps the very richest, i.e. financial institutions, it hurts the average americans and makes the markets unnecessarily volatile.

Jun 13, 2013 10:29am EDT  --  Report as abuse

Isn’t “stimulus” just another word for monetizing the debt. Printing money that waters down every dollar we hold, causing inflation and making loans artificially too easy. Stimulus only helps the very richest, i.e. financial institutions, it hurts the average americans and makes the markets unnecessarily volatile.

Jun 13, 2013 10:29am EDT  --  Report as abuse
jrj906202 wrote:

Can’t figure out,how oil stays so high,with all the increase,in supplies,due to fracking and all the stories of weak economies,reducing demand.

Jun 13, 2013 11:51am EDT  --  Report as abuse
jrj906202 wrote:

constitutionfst

I don’t think,everyone,buying/owning a house,is the very richest.The housing industry is booming,due to the Fed,driving interest rates down.Here in So California’s,”Housing Mania II,the Sequel”,the median home price is up over 24%,past 12 months.I think,it’s a disaster,but most homeowners love it.Home Depot’s parking lot full.So,the Fed is trying to create an economy,that looks like it is growing.Using honest inflation numbers,would show it’s not,but,so far,investors seem to be buying the phony,govt numbers.

Jun 13, 2013 11:58am EDT  --  Report as abuse
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