Saturday, September 01, 2012

Stocks Rally After Bernanke

$$ - Okay, so Thursday's decline was basically erased today after Bernanke said (again!) that the Fed was ready to do whatever.
Surprise, surprise.
For the month of August, the Nasdaq led and was up 4%. The SP500 was up 2%, and the Dow was up .6%.  The risk-on trade was on!
It's the end of August and beginning of a new month.  Usually, the market is stronger as money gets dollar-cost averaged into mutual funds.
It's a 3-day weekend.  Enjoy!
I started off at the local Indian Casino and LOST!  Ouch!


Dow rallies 90 points after Fed chairman's speech

> Stocks closed Friday with a solid gain and up for the month of August after Federal Reserve Chairman Ben Bernanke said the central bank sta... Read more

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