QE Working Marvelously for Wall Street

Hello, broken record department, how can I help you?

More quantitative easing, please.

Not a problem. Thank you.

Dow 10,572.73, +46.24 (0.44%)
NASDAQ 2,301.32, +11.55 (0.50%)
S&P 500 1,125.07, +3.97 (0.35%)
NYSE Composite 7,179.79, +17.71 (0.25%)

Advancing issues held sway over decliners, 3132-2554. New highs towered over new lows, 309-41. This should be regarded as entirely cosmetic. Even bad companies are good. Volume was higher than it's been in some time.

NASDAQ Volume 2,085,158,125
NYSE Volume 3,617,492,750

News flash: the world is afloat in oil due to slack demand. The current futures contracts sold off 78 cents today, to $76.02. Gold is beginning to feel pricey, down $3.00 today, to $1,266.70. Silver gained 14 cents, to $20.54, a bargain by comparison, though closing in on a 2 1/2 year high.

I played golf and didn't bother to keep score. It was fabulous. Playing alongside one of my very best friends surely didn't diminish the pleasures of the afternoon. Played 18 holes. Even parred one.

It's all a matter of perspective, expectation and liquidity, after all. Right now, liquidity seems to be the position most favored. Buyers markets are springing forth everywhere. When will the money come without strings?