Wednesday, November 13, 2013

Stocks Rock; Yellen Ready to Kiss Up to Congress

Nice gains for the Dow and S&P, which both set new all-time high closes. The party won't stop, according to sources close to Mr. Yellen, who is expected to convince congress that the Fed needs to continue manipulating markets and driving the purchasing power of the dollar into oblivion with even more intervention and easy money policies.

Life , for working Americans, could be wonderful if the Fed can figure out how to induce any kind of wage inflation.

We are a hopeful nation.

Dow 15,821.63, +70.96 (0.45%)
S&P 1,782.00, +14.31 (0.81%)
Nasdaq 3,965.58, +45.66 (1.16%
10-Year Note: 2.68%, -0.05 (-1.83%)
NYSE Volume: 3,320,000
NASDAQ Volume: 1,769,363,821
Combined NYSE & NASDAQ Advance - Decline: 3777-1858
Combined NYSE & NASDAQ New highs - New lows: 323-93
WTI crude oil: 93.88, +0.84
Gold: 1,268.40, -2.80, -0.336
Silver: 429.75, -2.50

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