My Currency is Urgency
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U.S. stocks jump to record highs, dollar rises
Wall Street stocks jumped to record highs on Tuesday on hopes steady U.S. growth will extend equities' stellar run, while a strengthening dollar fueled further losses in oil and gold. U.S. equities have risen the past three weeks with the Standard & Poor's 500 index racking up a 16 percent gain so far this year, due mainly to the sea of cash produced by the Federal Reserve and other major central banks' policies of ultra-low interest rates and asset purchases to stimulate their economies. "The developed economies of the world are all easing aggressively, the money is looking for a home and it's ending up in the stock ... (full story)
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- May 14, 2013 6:12pm May 14, 2013 6:12pm
- Forexmint
- | Joined Jun 2012 | Status: Member | 80 Comments
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- May 14, 2013 6:44pm May 14, 2013 6:44pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
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- May 14, 2013 7:06pm May 14, 2013 7:06pm
- k3nshinz3139
- Joined Oct 2012 | Status: Chart can tell you everything! | 642 Comments