Dow 11,405.02 +189.89 +1.69%
Chart for Dow
Nasdaq 2,574.35 +34.08 +1.34%
Chart for Nasdaq
S&P 500 1,216.57 +18.61 +1.55%
When average joe’s sees their 401k’s going up, you think they are going to understand that QE2 is a bad thing or care for that matter?
Unfortunately, the only thing this proves is Main Street is dependent on Wall Street (at least for now).
It’s nothing to do with the political wins/losses. It’s all about perception.
This is nothing more than a way to get people to “feel more wealthy” again and then once that happens to “spend more” or “gamble more”. Holding cash/bonds, um ok….
Same old game, same old players, same winners (institutions), same suckers (individual “investors”)
