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
- SNL Mocks Third Presidential Debate; Trump Silent On Twitter | ZeroHedge
- The Crook Versus The Monster | ZeroHedge
- Want To Boost Market Liquidity? Just Let It Rain... No Really | ZeroHedge
- Oil’s Biggest Threat: Demand to Peak Within 15 Years | Financial Sense
- The Big Four Economic Indicators: Industrial Production Rises Slightly | Financial Sense
- Meet The Man Who Can Expose "The Real Hillary Clinton Scandal" | ZeroHedge
- The Big Leap – Double-Digit Earnings Growth in 2017? | Financial Sense
The most relevant financial news and articles from the Internets
- LL Cool J breaks down his favorite 60-minute full-body workout | Business Insider
- McDonald's franchisees reveal the 3 things that are killing... | Business Insider
- A single statistic shows why all airline passengers are not created equal (AAL, UAL,... | Business Insider
- Iran president Rouhani: US election is a choice... | Business Insider
- Here's what it's really like to have obsessive-compulsive disorder | Business Insider
- A top Silicon Valley 'budtender' says these bite-... | Business Insider
- An amazing deal from this company makes shopping for new dress shirts easier and more... | Business Insider