Skip to comments.Wall Street Jumps After Jobs Data Spark Fed Optimism
Posted on 02/07/2014 7:15:24 AM PST by mykroarEdited on 02/07/2014 7:16:04 AM PST by Admin Moderator. [history]
U.S. equity markets zipped higher Friday after a round of weak jobs data inspired hopes the Fed may take more time to boost rates and cut its bond-purchasing program.
As of 9:32 a.m. ET, the Dow Jones Industrial Average rose 53.3 points, or 0.35%, to 15675, the S&P 500 gained 8.5 points, or 0.48%, to 1783 and the Nasdaq Composite advanced 28.4 points, or 0.69%, to 4084.
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Bad news is good news.
This is bizarre. Wall Street is totally out of sync with what’s best for US citizens.
What could possibly go wrong?
Wall St. is decoupled from Main St. Anything that they think will force the FED to keep pumping QE into their veins will cause the market to go up, up, up. When this finally comes to its inevitable end, Main St. will be in complete wreckage and Wall St. will see the mother of all asset bubbles implode.
The FED is boxed in, either the Wall St. junkies collapse with no QE injections or they eventually remove the dollar as the world reserve currency and then it is really game over.
So far today, the DOW has been see-sawing in about a 90-point range—Basically trading sideways.
After five years you still have to ask?
Yes, and then when it all tanks they will be screaming for a bailout!