Jesus C. Bananas: Another 100+ Gain in the Dow
For lack of a better term, Jesus Christ Bananas! The Dow has once again posted another Triple Digit Swing to the upside and the reason for the gain:
Hubbie-dub bubbie-dub, loopity-bobbity-doo!!
Seriously, the rally is all thanks to the media hyping the global economic comeback as Australia raises rates.
Congrats longs, its your day to cash in. NEW YORK (Reuters) - U.S. stocks gained sharply on Tuesday after Australia became the first G20 country to raise interest rates since the onset of the financial crisis, and on optimism for a strong U.S. earnings season.
The rate hike by Australia's central bank was taken as a signal the global economy was recovering. Equities were also lifted by gains in commodity prices as the U.S. dollar fell against a basket of currencies.
"The Australian central bank painted an extremely positive picture of the global economy moving forward ... about how good the Chinese economy is doing and how economic activity is picking up worldwide," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.
"It legitimized those that have been calling for a vigorous expansion of the economy."
Rob Schneider is also about to become Wall Street Executive, with everything going for him, durpity, durp, da drup dee derp. Think the rally will last? Carrots, bananas, its time to sell.
Best of the Blogs

BlogDroid 600
Scanning and identifying the best blog entries every hour
- Ed Pinto | Foreclosure settlement: The shortest distance between two points is a straight line | ZeroHedge
- Is the U.S. “Decoupling” from the European Crisis? | Financial Sense
- Credit - Cheap Or Not? | ZeroHedge
- Spiegel: "It's Time To End The Greek Rescue Farce" | ZeroHedge
- Today's Events: Bernanke Testimony, JOLTs, Consumer Credit | ZeroHedge
- Fed's Record Setting Money Supply Splurge Spurs Gold's Rally | ZeroHedge
- The IRA | Facebook "Jumps the Shark" Interview with Michael Whalen | ZeroHedge
Latest Headlines

Newsbot 3000
The most relevant financial news and articles from the Internets
- Bonuses Are Good, But Clawbacks Make Them Better | BusinessWeek
- The Simple Argument For Being Bullish On Stocks Right Now | Business Insider
- The Adventures of Superfood Man | BusinessWeek
- Sallie Mae Has Been... | Business Insider
- Your First Name Could Totally Screw Up Your Chances Of Meeting Someone Online | Business Insider
- One Way Apple Makes Sure It Gets Favorable Reviews From David Pogue (AAPL) | Business Insider
- This New Tool... | Business Insider



Post new comment