Top 3 Reasons Today’s Markets Were Up

Markets closed up on Wall Street: DJI +0.16% SP500 +0.25% Nasdaq +0.47% Gold +1.77%

The markets were up because:

  • Ben Bernanke will allegedly tell 60 Minutes QE2 could expand beyond $600 billion. That’s surely kindling for the liquidity rally, but wasn’t this already a foregone conclusion when Bernanke said the Fed will do whatever it takes? Wall St. Cheat Sheet Managing Editor Elliot Turner says Today Will Give us an Important Clue for Where Markets Will Go Next >>
  • The rise in headline Unemployment couldn’t keep markets down. Despite a move from 9.6% to 9.8% and an underwhelming addition of 39,000 jobs to the economy, bulls brushed off the data and sent the Nasdaq (QQQQ) just off three-year highs. See How Unemployment has Affected the Market Since 1948 >>

Invest in Necessities: CME Commentator Jordan Roy-Byrne CMT guides you to profits in his Commodities Premium Newsletter >>