Market recap: Stocks pushed to session highs as dovish comments from the Fed's Evans offset...

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enigmaman Comments (2647)
 
"Federal Reserve Bank of Chicago President Charles Evans said he would support a variety of measures to generate faster job growth, underscoring his preference for more stimulus."

This is the reason why the market rallied and investors stoppped worrying about the EU, REALLY!
12 Jun 2012, 04:21 PM Reply Like

zhengliu Comments (10)
 
If this is the reason, I am really worried.
12 Jun 2012, 06:43 PM Reply Like

robgra Comments (318)
 
Incredible, especially considering that Evans doesn't even have a vote on the FOMC. The man is all hat and no cattle, yet he has more impact on the markets than the slow motion train wreck in Europe. Methinks this is just an excuse used to cover for outright market manipulation.
12 Jun 2012, 04:29 PM Reply Like

wapiti Comments (505)
 
Which Fed Governor will blow smoke up the markets tomorrow...that stimulus hasn't done too much for our own economy has it? Short squeezes run by algo traders in IBD (Investor's Business daily) names. They all have 30+ PE multiples and P/S multiples as big! SCAM of the century! And people wonder why there is no confidence in the markets or SEC?
12 Jun 2012, 04:30 PM Reply Like

into dark shadows Comments (298)
 
Buffalo chips!

This constant fed head he said she said, is not helping anything!
Yellen does the same garbage and what do you get two days later?
A bigger self off!

Hey all you fed heads,
SHUT UP!
You have already destroyed the free market system with your never ending intrusions!
Every time you pull this bullsh** you destroy what little confidence is left in the markets!
Let the gosh darn system clear already!

Have you ever wondered why you don't hear about the DEPRESSION of the early 1920's?
Because the fed and government did NOTHING and the market cleared the excesses built up and you know what the result was?

The frackin' "ROARING '20'S" you bunch of bone heads!

After the past 4 years of so called fed help, I will risk having you fools stand DOWN for a year or two!
God help us!
Jerry
12 Jun 2012, 04:30 PM Reply Like

the_value_vulture Comments (88)
 
“I’ve been in favor of pretty much any accommodative policy I’ve heard about,” Evans said in an interview on Bloomberg Television’s “In the Loop” with Betty Liu that was aired today. “Extending the Twist would be useful,” he said, referring to a plan expiring this month that lengthens the average duration of bonds in the Fed’s portfolio. “More asset purchases would be useful. More mortgage-backed securities purchases would be good.”

These comments along with more rumors of the mighty "master plan" to fix the Eurozone is what pumped the market up today. Does anyone else see all these mini pumps for what they are? The whole market is literally hanging on limbs of hope as things continue to get worse and the economic headwinds aboard take their toll at home.

Well ... anyways, until then lets see how high the Spain / Italy yields go tomorrow. Perhaps we can get a different FOMC member to talk about stimulus for another 1% gain just to "save" everything again.
12 Jun 2012, 04:37 PM Reply Like

torahislife Comments (400)
 
Deja vu of last Friday. Forget about finding a reason. Imagine how we could squeeze a market dry if given unlimited free Fed funding plus superior HFT technology.
12 Jun 2012, 05:06 PM Reply Like

DoctorBoom Comments (13)
 
Not ready to breakout of the inverse head & shoulder formation yet, in my opinion.

See explaination in my blog below.

doctorboom.blogspot.com
12 Jun 2012, 05:33 PM Reply Like