Jun 06, 2012 11:14 PM GMT
And that includes all those public sector employee union pensions.
jock_1 saidGet ready for the business boom in Wisconsin unless we have another Obama recession
southbeach1500 saidAnd that includes all those public sector employee union pensions.
http://money.cnn.com/2012/06/06/investing/stocks-markets/index.htm?hpt=hp_t3NEW YORK (CNNMoney) -- U.S. stocks rallied Wednesday, with the Dow and S&P 500 logging their best gains of the year, as investors grew hopeful that more stimulus for the global economy is around the corner.
"There's a lot of optimism from rumors that there will be some type of stimulus coming really soon," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. "This might light the fuse and spark [the markets] higher."
Investors were encouraged after Atlanta Fed president Dennis Lockhart, who is a member of the Federal Reserve's policy-setting committee, said that continuing Operation Twist is now "an option on the table." The policy, which swaps short-term bonds for ones with a longer duration in order to keep interest rates low, is currently set to expire at the end of the month.
Many economic reports released in recent weeks have painted a gloomy picture of the state of the world's economy. Analysts have become cautiously optimistic that the weakening may embolden policymakers to take measures to accelerate growth, especially in light of cooling inflation.
q1w2e3 saidI guess the Europeans are a big fan of Walker too.