Bad news indeed

U.S. stocks surged Tuesday as investors digested stellar economic data that appeared to put the housing and financial crises far in the rearview mirror.

The Dow Jones Industrial Average closed at a record high of 15,409.39, after gaining more than 100 points, or 0.7%. (Tracking the Dow 30).

The S&P 500 rose 0.7%, and the Nasdaq added 0.9%.

At the same time, the yield on the 10-year Treasury note surged above 2.1% -- its highest level in more than a year.

Housing is hot. Consumers are confident: S&P/Case-Shiller reported that housing prices rose a better-than-expected 10.2% during the first quarter.

That was the biggest increase since 2007 and helped boost the entire sector. The SPDR S&P Homebuilders (XHB) ETF gained more than 2% at one point.

Separately, the May reading on consumer confidence hit a five-year high and jumped more than expected.

The Tuesday rally effect: Tuesday seems to be the day for buying in 2013 and today marks the 20th consecutive Tuesday that the Dow has inked gains.

Central bankers keep their foot on the gas: Central bankers, including the Federal Reserve, have been fueling the 2013 rally by buying up government bonds to push down interest rates and entice investors to buy stocks.

Central bankers in Japan and Europe signaled they were prepared to keep pumping money into their respective economies to keep rates low, even amid signs of recovery.

Asian markets and European markets both closed higher, gaining more than 1%.

...and why would this be bad news?

I dunno. Usually in here it draws a negative reaction. I was just trying to go with the flow.

You're trying way too hard.

The real story is hedge funds and big money investors are buying up real estate in boom-bust areas. Sell high/buy low. crash the economy/repeat/retire to the Caribbean

Raping & pillaging is alive and well! (and under the Obama Cone Of Protection)

I just wanted to fit in😢

You can't. You sit on the fencepost and then pretend to be contrarian.

At best, it passes for a "smarter than thou" (liberal) elitism ploy.

AS long as the Govt keeps going further in Debt to buy 85 Billion in Bonds and securities every month this will continue

Furthermore by adding uncountable uneeded ergulations has caused a landslide in the need for more Government Regulators!

Socialism WERKS !








For a while..

And then well


you can figure that one out..

Bubbles are fun !!!



then they pop...

I predict it will rain sometime this year.

HD is a big meany.

[...] Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade? [...]

Allan Greenspan, 1996

quoting Greenspan, really ?

You might as well

quote
Buster Douglas,,,

Is it too late to jump on the train?

Why don't you think that old analysis and the buzz words are on point?

Teedubya.....were you singing Clintons praises during the Tech Bubble or GW's Housing Bubble?

As Jack noted the US Gov't is funding this, since you know you're smarter than everyone here why is that?

Row, row, row your boat,
Gently down the stream.
Merrily, merrily, merrily, merrily,
Life is but a dream.

Then you grow up and realize it is becoming an over-inflated bubble created by guberment monthly investments in an effort to spur growth. When the over-exuberant guberment monthly purchases stop, what happens then???

The President and the dems blame Bush?

I'm not singing anyones praises now. I think carter, bush and the big O are pretty much the same turd different low flow bowl.

I'm in buying mode. This is bad.

Enough whining about Bush already!

🤔 buying stock with borrowed money ehh..?? 🤨

why does this sound familiar.... 🤔 🤔