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Market recap: What spring swoon? Earlier shaky economic reports were tossed aside as investors...

Market recap: What spring swoon? Earlier shaky economic reports were tossed aside as investors cheered a jobs report that easily beat expectations, pushing the S&P to a 1600-plus close for the first time and the Dow briefly to 15,000. Cyclical industrial and materials sector paced gainers. Nymex crude rose 1.7% as prospects for energy demand enjoyed a jolt. Treasury prices slid; the dollar gained 1% vs. the yen.
Comments (8)
  • BEN (BUZZ,OZ) BERNANKE has flipped the switch to ALL systems GO! If everything is so great (as the markets indicate) why must we keep QE going?
    3 May 2013, 04:38 PM Reply Like
  • "If everything is so great (as the markets indicate) why must we keep QE going?"

     

    Bernanke is keeping QE going because things are not so great.
    3 May 2013, 05:31 PM Reply Like
  • I'm really scared that one day in the near future everything's gonna fall apart with dire and tragic consequences
    3 May 2013, 06:03 PM Reply Like
  • Never fear, Bernanke's here.
    3 May 2013, 06:10 PM Reply Like
  • I sleep better at night knowing that we have Uncle Benny looking out for out our interest, the little people ; )
    3 May 2013, 06:26 PM Reply Like
  • It did, five years ago.
    3 May 2013, 06:32 PM Reply Like
  • Higher taxes on the middle class- restricting business growth and increasing inflation from QE-, the bottom's gonna fall out. I am a realtor. and I see 3+ bedroom. 2 bath homes in very good or better condition over and over again going for $50,000 to $70,000. These are not new homes, but still these prices are extremely deflated. Scary.
    4 May 2013, 05:14 AM Reply Like
  • "I'm really scared that one day in the near future everything's gonna fall apart with dire and tragic consequences"

     

    Probably best not to read zerohedge then :-)
    5 May 2013, 08:54 AM Reply Like
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