Market recap: Stocks bounced higher and Treasury yields tumbled as investors took the FOMC's...


Market recap: Stocks bounced higher and Treasury yields tumbled as investors took the FOMC's dovish statement as QE-lite. Three- and five-year yields plunged to three-month lows; the 10-year fell to 1.92% before rebounding. The dollar fell to its low for the year, and gold spiked past $1,700/oz. Apple's record quarter helped boost tech stocks. NYSE advancing issues surged past decliners two to one.
Comments (2)
  • torahislife
    , contributor
    Comments (400) | Send Message
     
    Fed sinks margins for another 2 years while Obammie wants forced refinancing of mortgages to near-zero interest rates. Anyone feel bad for the banks?
    25 Jan 2012, 04:38 PM Reply Like
  • Ripit
    , contributor
    Comments (55) | Send Message
     
    I don't feel bad for the banks. I do feel bad for you because you say "Obammie."

     

    Lame.

     

    Stop complaining. These dopes may manipulate the markets for so long that if you own stocks you may finally be able to afford to go to clown college. You can live your dream.
    25 Jan 2012, 08:30 PM Reply Like
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