Reply #19: Noon numbers - hi y'all [View All]

[mrsteve]

What in the name of all that is good is going on? * says he needs almost 90 billion MORE bucks to dump down a rathole, and the markets go UP? Can you say "sucker's rally"?

Dow 9,573.87 +70.53 (+0.74%)
Nasdaq 1,881.15 +22.91 (+1.23%)
S&P 500 1,029.27 +7.88 (+0.77%)
10-Yr Bond 4.291% -0.063

Yahoo Finance might even be a little mystified:

"11:30AM: After a pause around the top of the hour, the major indices resume their advance and set new highs for the session... Conviction on the part of buyers remains impressive, with up volume outpacing down volume by more than a 2-to-1 margin at the NYSE and Nasdaq... Virtually every sector has received a lift in the buying drive, and contriubuted to the strength of the rally.."