Stocks are Up?
All the issues from last week are being overlooked as stocks are on a tear today. Thanks to some good news from China we are moving higher.
(DailyTicker) Major stock proxies rose around the world overnight while U.S. averages were higher in early trading Tuesday morning. Stocks got a boost from renewed hopes about stimulus from China and Philadelphia Fed President Charles Plosser tells The WSJ "there's absolutely no reason for people in the United States to get all in a dither" about Europe.
Still, the action seems disconnected from news out of Spain. On Friday, the government was forced to effectively nationalize Bankia, its third-largest bank. Spanish bond yields surged to euro-era highs and bank stocks tumbled on fears more bailouts will be necessary, even as Prime Minister Mariano Rajoy declared Spain will not ask for funds from the EU (or IMF).
Best of the Blogs
Scanning and identifying the best blog entries every hour
- 637 Rate Cuts And $12.3 Trillion In Global QE Later, World Shocked To Find "Quantitative Failure" | ZeroHedge
- OPEC Will Not Blink First | ZeroHedge
- Is This The Biggest Crisis In History? | ZeroHedge
- After an Absolutely PERFECTLY Timed Warning on the Financial Sector in October, This Is What Lies Ahead for the Banking Sector | ZeroHedge
- Yellen Sinks Stocks, Craters Credit | ZeroHedge
- This Is What Central Bank Failure Looks Like (Part 3) | ZeroHedge
- Here Is The Exchange That Left A Stunned Janet Yellen Looking Like A Deer In Headlights | ZeroHedge
The most relevant financial news and articles from the Internets
- Middle income Americans aren't that worried about the choppy stock market... | Business Insider
- Here's what happened to Zappos' HR boss when the company... | Business Insider
- It’s time for retailers to start paying close attention to social media | Business Insider
- Carl Icahn and John Paulson just scored a big win | Business Insider
- ‘Star Wars’ producers charged in U.K. over Harrison Ford... | Business Insider
- The Yahoo layoffs have begun | Business Insider
- Kristen Wiig unveiled the worst impression of Super Bowl champ Peyton... | Business Insider