Stocks are at session highs following the Consumer Confidence beat, the DJIA (DIA +1.4%) up 214...

Stocks are at session highs following the Consumer Confidence beat, the DJIA (DIA +1.4%) up 214 points. In addition to the bounce to 76.2 for the composite, the Present Situation Index rose to 66.7 from 61 and Expectations jumped to 82.4 from 74.3. The labor market outlook is more upbeat, with those expecting more jobs in coming months rising to 16.8% from 14.3%. Treasurys (TLT -1.2%) sell off, the 10-year yield touching a 2013 high of 2.08%.

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Comments (12)
  • wapiti
    , contributor
    Comments (711) | Send Message
    So if everything is great as the markets tell us, why do we need QE infinity??? Gas on the fire
    28 May 2013, 10:32 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
    10-yr and 30-yr futures near supports at 130 and 140. Watch for any breakouts or rejections. Rejections may be sharp.
    28 May 2013, 11:08 AM Reply Like
  • Teutonic Knight
    , contributor
    Comments (3967) | Send Message
    Whoa; Phew! Tornado coming
    28 May 2013, 11:15 AM Reply Like
  • Financehulligan
    , contributor
    Comments (1056) | Send Message
    Will Bernanke end up behind jail? Why creat the subprime bubble once again? And at the same time create an asset bubble?
    28 May 2013, 11:17 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10741) | Send Message
    Just an observation :


    From CNN Money May 9
    ... it may just be more convenient to blame the (bearded) man behind the curtain as the master market manipulator than to own up to your mistakes."


    Rather than jail perhaps some Food for thought......
    28 May 2013, 11:24 AM Reply Like
  • Seth Walters
    , contributor
    Comments (675) | Send Message
    Here comes the top.
    28 May 2013, 12:16 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15303) | Send Message
    Ben ain't happy with interest rates climbing up. Let's see if that continues !!
    28 May 2013, 01:43 PM Reply Like
  • Ben Bernankes friend
    , contributor
    Comments (475) | Send Message
    Maybe the market does have control!?


    Uncle Ben should shut that up pretty quickly unless he wants the debt servicing level to creep up.


    Your move, Ben.
    28 May 2013, 08:22 PM Reply Like
  • Antonio Carradinha
    , contributor
    Comments (489) | Send Message
    May be the beginning of another nightmare
    28 May 2013, 07:10 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (11755) | Send Message
    Here is one way to exploit for profit:

    28 May 2013, 07:46 PM Reply Like
  • hummerh25
    , contributor
    Comments (99) | Send Message
    Look out ARR. Big drop today, as 10 year goes up, it will drop the price on all Reits.
    28 May 2013, 08:28 PM Reply Like
  • Hector_Torres
    , contributor
    Comments (18) | Send Message
    The risk premium is probably still too high (stock earning yield vs treasuries). So so far stocks have been rallying to get that risk premium lowered, but from now on instead of stocks rallying more and more, the risk premium will be reduced by treasury yields decreasing instead (and Treasury bonds moving down in price as we saw today)
    29 May 2013, 09:24 AM Reply Like
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