Not that it mattered to anybody in particular, but there were some worries deep in the bowels of Wall Street's finest
According to various and supposed "expert analysts" in places like Yahoo Finance, Market Watch and Bloomberg, Tuesday's rally was the result of impressive consumer confidence, as though the average consumer has any truck with stocks, other than, of course, being roped and prodded into various pension and 401k schemes designed to enrich
As the case may be, consumer confidence is largely tied to Wall Street's excessive enthusiasm and outrageous fees, insofar as the supine congress and the brilliant politicians in the District of Columbia (that's D.C., for all you low information investors) have decided that financial advisors and retirement planners do not have to work in a fiduciary capacity, as was supposed to be required under part of the Dodd-Frank reforms. That's not an issue now, however, as these investment "pros" can once again lead the naive retail consumers into their own vehicles with their own sets of fees and refinements. It's a lovely arrangement... for the brokerages.
Just so nobody is confused, the casino always wins, and today was further proof. Now, wait until you're 57 1/2, or 59 1/2, or 62 or 65 or 70, to begin feeling the joy of getting roughly 5-10% less return on your hard earned money than if you had just invested it yourself in a no-load mutual fund or some safe bonds, or, perish the thought, gold or silver, the latter of which continues heading higher (over $18/ounce), despite the best efforts of the central bank cartel to suppress the price, as they did again today with gold.
Funny how the only real money (intrinsic value) in the world continues to be spat upon, denigrated, and by the elite supra-nationals in our midst.
King Midas is spinning in his crypt.
At the Close, 3/28/17:
Dow: 20,701.50, +150.52 (0.73%)
NASDAQ: 5,875.14, +34.77 (0.60%)
S&P 500: 2,358.57, +16.98 (0.73%)
NYSE Composite: 11,493.84, +79.51 (0.70%)