Seeking Alpha

Market recap: Stocks rose to cap their second-best weekly gains this year, but a 4.7% drop in...

Market recap: Stocks rose to cap their second-best weekly gains this year, but a 4.7% drop in Boeing following news of a fire on one of its jets weighed on the Dow. Financials led as JPMorgan and Wells Fargo beat on both revenue and earnings. Economic data revealed the largest increase in producer prices since September due to a spike in energy prices. Treasurys swung lower on hawkish remarks from the Fed's Plosser.
Comments (3)
  • The Geoffster
    , contributor
    Comments (4013) | Send Message
     
    It's easier to read tea leaves than market data juiced by Fed liquidity. At what point do you suppose it will pay to fight the Fed?
    12 Jul 2013, 05:42 PM Reply Like
  • sl100
    , contributor
    Comments (112) | Send Message
     
    USA is become the worlds biggest ponzi in entire human history. Using corrupt financial media to promote the ponzi. Where is the old USA where people made money based on hard work and ethics. Feds, banks, media and politicians have destroyed it by manipulating free markets. Every asset is now controlled by banks and when they lose the fed gives them unlimited money. First they should limit the banks from trading and remove heigh frequency trading, quote stuffing, unlimited debt issuance and manipulation of interest rates. They should just be a bank and not casino.
    13 Jul 2013, 10:18 AM Reply Like
  • EK1949
    , contributor
    Comments (1580) | Send Message
     
    "Feds, banks, media and politicians have destroyed it by manipulating free markets."

     

    Oh look, a free market! Let's manipulate it!

     

    Ehhh....no, I don't think that's how it is. What people call free markets are the product of very clever manipulation by governments. There is nothing natural about a market where the strong are restrained from devouring the weak, and where monopolies and cartels are broken up.

     

    What people call free markets are the exact opposite, regulated to produce a kind of equality between large and small that couldn't possibly exist outside a government run system. You have to laugh at the notion that we should all want "natural" markets. Or I should say you ought to laugh. But first you have to understand why it's funny.
    14 Jul 2013, 10:54 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector