Stocks Ramp Higher as Fed Keeps Pumping Full On

What we have here is a self-reinforcing mechanism.

As long as the Fed keeps buying treasuries and MBS, don't expect stocks to do anything but continue going straight up. Those who have 401Ks, mutual funds, individual stocks, ETFs, etc., can rest easy. The Fed has your back.

For everyone else, tough cookies (and higher prices for them). Simply amazing.

Monday is Martin Luther King Day. Markets are closed.

Dow 13,649.70, +53.68 (0.39%)
NASDAQ 3,134.71, -1.29 (0.04%)
S&P 500 1,485.98, +5.04 (0.34%)
NYSE Composite 8,792.58, +26.03 (0.30%)
NASDAQ Volume 1,861,060,250
NYSE Volume 4,018,652,250
Combined NYSE & NASDAQ Advance - Decline: 3764-2612
Combined NYSE & NASDAQ New highs - New lows: 453-13
WTI crude oil: 95.56, +0.07
Gold: 1,687.00, -3.80
Silver: 31.93, +0.122