Dow shot up 151, advancers over decliners 9-1 & NAZ is up 43. The MLP index exploded another 7½ to the 389s (up 20 in 2 days) & the REIT index was up 2. Junk bond funds also are recovering while Treasuries are retreating in a rising stock market. Oil & gold are up more than 1% each.
Sorry, but Blogger just gobbled up much of my work. However the big picture story is stocks are having a very big rally after being oversold. Words are cheap out of DC & it's easy to see how they can bring out the buyers. But we're a long way from a final deal which will still probably disappoint many on both sides of the debate. Even with today's rising market, Dow is well below 13K it has accepted as a floor for much of this year.
AMJ (Alerian MLP index tracking fund)
Treasury yields:
U.S. 3-month |
0.076% | |
U.S. 2-year |
0.242% | |
U.S. 10-year |
1.622% |
| CLG13.NYM | ...Crude Oil Feb 13 | ...89.25 | ..... 1.78 | (2.0%) |
| GCX12.CMX | ...Gold Nov 12 | .....1,730.10 | ... 15.80 | (0.9%) |
Sorry, but Blogger just gobbled up much of my work. However the big picture story is stocks are having a very big rally after being oversold. Words are cheap out of DC & it's easy to see how they can bring out the buyers. But we're a long way from a final deal which will still probably disappoint many on both sides of the debate. Even with today's rising market, Dow is well below 13K it has accepted as a floor for much of this year.
Dow Jones Industrials
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