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Market recap: Bad news is good again, as the weaker than expected final read on Q1 GDP eased Fed...

Market recap: Bad news is good again, as the weaker than expected final read on Q1 GDP eased Fed taper fears, pushing stocks sharply higher. All 10 S&P sectors traded higher, but energy and materials trailed amid weakness in underlying commodities. Gold prices tumbled to their lowest level in nearly three years. A stalling in the drive higher of Treasury yields also helped calm investor concerns.
Comments (4)
  • PalmDesertRat
    , contributor
    Comments (2595) | Send Message
     
    the rally the last few days has been strongest in the defensive sectors of utilities,health care,and consumer durables. we're going right back to the type of market we had a few weeks ago. doesn't bode well for the longer term
    26 Jun 2013, 04:46 PM Reply Like
  • into dark shadows
    , contributor
    Comments (322) | Send Message
     
    Bad news is bad news,
    PERIOD!
    Millions of hard working Americans are seeing their standard of living being crushed under the perversion called Fed Policy!
    So bad news might be good for the greed worshipping H.F.T. and Hedge fund speculators but sure as heck is BAD news for Freedom loving Americans!
    No more garbage please, I am pushing my daily intake on this nonsense!
    26 Jun 2013, 05:41 PM Reply Like
  • Ohrama
    , contributor
    Comments (506) | Send Message
     
    Sounds exactly the same path I followed: Spend money and make love when there was some paper gain (to congratulate myself and celebrate); spend money and make love when there was big loss (to forget the bad news / to cheer up the mind). Until I reached a point where I am unable to do anything (now that I am fully collapsed or don't have anyone to make love)!
    26 Jun 2013, 06:07 PM Reply Like
  • Mark Krieger
    , contributor
    Comments (3795) | Send Message
     
    "bad news is good news"? that's a little twisted. The market is really reaching on that one!
    26 Jun 2013, 10:37 PM Reply Like
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