Rally on! Dow soars 300; Nasdaq ends in the green for 2015

Rally on! Dow soars 300; Nasdaq ends in the green for 2015: "Rally on! Dow soars 300; Nasdaq ends in the green for 2015





 Evelyn Cheng | @chengevelyn
31 Mins Ago
CNBC.com



'via Blog this'

Homes as ATMs: It's starting again

Homes as ATMs: It's starting again: "Mortgage holders have gained about $1 trillion in home equity collectively over the past year. On an individual basis, borrowers doing cash-out refinances are taking an average $65,000, which is comparable to what borrowers did in 2006, the height of the last housing boom. While the jump is significant, the volume is still nowhere near where it was back then. In fact, volume is still 80 percent below where it was at the peak in 2005."



'via Blog this'

Dow Surges 650 Points Off "Dismal Jobs Data" Lows, Small Caps Up 5%! | Zero Hedge

Dow Surges 650 Points Off "Dismal Jobs Data" Lows, Small Caps Up 5%! | Zero Hedge: "Small Caps are up 5% off post-payrolls lows and The Dow is up over 650 points as the lower-for-longer, please-give-us-QE4 panic-buying ramp continues... and all this with no Bullard (for now).

Squeeeeeeeze...."



'via Blog this'

Former Fed Chair Says More Bankers Should Have Gone to Jail | TIME

Former Fed Chair Says More Bankers Should Have Gone to Jail | TIME: "“It would have been my preference to have more investigation of individual actions, since obviously everything that went wrong or was illegal was done by some individual, not by an abstract firm,” the Bernanke told USA Today in an interview published on Sunday."



'via Blog this'

Turnaround! Stocks stage massive swing

Turnaround! Stocks stage massive swing:



 "The news, which raised fresh fears about a slowdown in the U.S. economy amid a global slump and fresh questions about U.S. interest rate policy, initially sent the Dow down 258 points, or 1.5%.

But at the close, the Dow was up 1.2%, a 200-point gain for the day the day and a 458-point reversal from the low that CNBC said was the biggest such swing in four years."



'via Blog this'

Dow, S&P close up more than 1%, post biggest reversal in 4 years

Dow, S&P close up more than 1%, post biggest reversal in 4 years: "U.S. stocks closed more than 1 percent higher Friday, recovering from an initial decline of more than 1.5 percent, as investors digested higher oil prices and a weaker-than-expected jobs report.

"The poor employment report put a footing to the market because it provided a way for the market to understand where it is," said Robert Pavlik, chief market strategist at Boston Private Wealth. It "really did accomplish something even though it was weaker-than-expected. ... Now you have a market that I see is on better footing going into earnings season."
The major averages closed at session highs, with the Dow Jones industrial average up 200 points after earlier falling as much as 258 points."



'via Blog this'

The Farce Is Complete: Stocks Soar Most In 4 Years As US Job Market Disintegrates | Zero Hedge

The Farce Is Complete: Stocks Soar Most In 4 Years As US Job Market Disintegrates | Zero Hedge:



"But there was only one thing driving US equities today... USDJPY, which got the momo going:"



'via Blog this'