Stock Market Calling Down the Thunder
Stock-Markets / Stock Markets 2014 Feb 12, 2014 - 12:19 PM GMTInitial Claims and Retail Sales might provide some economic grist for the market's mills on Thursday, but for today it was all bullishness as the thin volumes and lack of organic selling let stocks take off on the news that there will be a clear debt ceiling bill up for a vote tonight, and Janet Yellen's pandering to the corporate classes in her testimony today.
Stocks are rising on a tide of misdirected and overly narrow liquidity, compliments of the Federal Reserve which is the tip of the banking cartel.
On a more practical note, another winter storm is expected to sweep through the NYC metro area on Thursday offering some potentially significant snowfall. Let's see if this has any affect on the bull's ardor for more. It may improve the occupancy of Manhattan hotels.
By Jesse
http://jessescrossroadscafe.blogspot.com
Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In plewis
roviding information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.
© 2014 Copyright Jesse's Café Américain - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
Jesse Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.