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Market recap: Stocks closed well off lows during the final hour, but the S&P still logged...

Market recap: Stocks closed well off lows during the final hour, but the S&P still logged its worst week of the year, pressured by a weak March jobless report which, combined with other data earlier this week, seems to confirm fears of a very sluggish recovery. Networking stocks were big losers due to F5's guidance, but techs generally were weak. Investors flocked to safe-haven Treasurys, where yields hit YTD lows.
Comments (11)
  • wapiti
    , contributor
    Comments (694) | Send Message
     
    Not to worry....OZ and the FED have the market's back...what else would explain such irrational exeburrance...The market has to stay up for the wealth effect to trickle down....No increased stock prices=no consumer spending=no economy. Very simple...in fact, it's elementary Watson...I mean Bernanke
    5 Apr 2013, 04:20 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (8762) | Send Message
     
    Do you have a problem with the stock market actually going up?
    5 Apr 2013, 06:14 PM Reply Like
  • Deney_Terrio
    , contributor
    Comments (246) | Send Message
     
    Ashraf,
    I am not trying to speak for Wapiti, but some of us would prefer to engage in a FREE Market. Don't get me wrong, I love it when stocks go up, even on bad-news days. It makes my job alot easier. However, when the curtain was pulled back, what did we see? A curmudgeon yanking on some ropes & levers... "What's this? You mean this man has been propping up this market the whole time?"
    I got to be honest, it's a little disappointing finding out the "wizard" is not a wizard, after all.
    5 Apr 2013, 11:02 PM Reply Like
  • Michael Parmar
    , contributor
    Comments (208) | Send Message
     
    No such thing as a free market, never has been.
    6 Apr 2013, 06:25 AM Reply Like
  • Hammerhorn
    , contributor
    Comments (27) | Send Message
     
    Well, some markets are more free than others, and this is definitely as far as free as you can get in our history.
    6 Apr 2013, 02:49 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (8762) | Send Message
     
    @ Deney_Terrio,

     

    Stock market is a game. Learn to play it. Nothing's a "free" market ;)
    6 Apr 2013, 04:40 PM Reply Like
  • Deney_Terrio
    , contributor
    Comments (246) | Send Message
     
    Ashraf,
    You wrote, "Stock market is a game. Learn to play it. Nothing's a "free" market ;)." Your sagacity is limitless.
    Your assumption that I have not "learn(ed) to play it" is a bit presumptuous. If you'll recall, I wrote in my previous comment, "I love it when stocks go up, even on bad-news days. It makes my job a lot easier." Does that give you the impression I don't know how to "play it?" Try not to be so concrete in your thinking. I was merely trying to point out the fact that the markets are being manipulated by the Fed. If they want to move the goalposts, fine. I will play that game & adjust.
    7 Apr 2013, 02:16 PM Reply Like
  • al roman
    , contributor
    Comments (4197) | Send Message
     
    Best day for some .
    5 Apr 2013, 08:11 PM Reply Like
  • gregptpt
    , contributor
    Comments (38) | Send Message
     
    I find myself wondering... on the back of so many pieces of negative news all in one week, with people still buying on the dips on quite decent volume... just WHAT will cause a correction?

     

    And corollary to that is, when something finally causes people to realise things aren't hunky dory, prices are going to fall, and hard. I like prices going up as much as any other person, but I almost fainted when the markets closed off their session lows in what I would have expected, at any other similar circumstance in the last two decades, to have triggered off at least a few more days of selling off.
    6 Apr 2013, 01:14 AM Reply Like
  • srspa77
    , contributor
    Comments (326) | Send Message
     
    The stock market always goes up when a Democrat is in office. I've been a buyer since 2010. Don't plan to sell anytime soon.
    8 Apr 2013, 05:26 AM Reply Like
  • Deney_Terrio
    , contributor
    Comments (246) | Send Message
     
    A tribute to all "BTFD-ers."
    I love this market!
    Enjoy.
    http://bit.ly/i4Zyk7
    8 Apr 2013, 07:06 AM Reply Like
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