Stocks held their gains this afternoon following the news that Bernanke and crew are on standby to start a QE3 program. I personally think that is a bad idea, but for today...the market is OK with it.
Dow +178
Nas +33
S&P +19 to 1237
After the bell, a G20 Official was quoted as saying that Greece will be cutoff from any aid until the referendum goes thru...and if the vote denies the proposed aid, then Greece will go bankrupt. The referendum may possibly take as long as a month before it happens. Great!!!
Nice news to close the day with...probably will not be received very well overnight...but who knows with this market.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment