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Tax Reform in This Election Year: It's Not Likely
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A third day of a rally? This seemed impossible just last week. Despite some choppy retail sales, stocks were up triple-digits in the DJIA in the final minutes before the close and another day not in the red was assured. A slight drop in jobless claims helped as well, even if the pre-holiday week is generally viewed as a wash by Wall Street. Continue reading Closing Bell: A Third Win in a Row! (BP, DRWI, LTD, BA, NFLX, TSA)
Today was a massive day, and not just for the stock market. The FOMC might as well just be turning on the printing presses for all the capital it is going to inject to banks with its $1 Trillion (plus) purchase of securities. The massive rally right after the FOMC announcement came well off of highs, but the excitement is there. The tame CPI is of no impact here in that sense. 
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