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Why are stocks trading at record highs? Last week we had a dismal report on unemployment, rising to above 10%. Stocks should have opened weaker today. Wrong. Stocks surged to new highs with the Dow trading at 10,147 up 126 points. Why the sudden change ot trend? The catalyst came over the weekend when the G 20 agreed to keep stimulus packages in place for their respective economies. Traders interpreted this as a buy signal because it means that more money will be sloshing around the world stimulating business and increasing profits.godl and commodities rise posts
FeedWhy are stocks surging to new 2009 highs?
Why are stocks trading at record highs? Last week we had a dismal report on unemployment, rising to above 10%. Stocks should have opened weaker today. Wrong. Stocks surged to new highs with the Dow trading at 10,147 up 126 points. Why the sudden change ot trend? The catalyst came over the weekend when the G 20 agreed to keep stimulus packages in place for their respective economies. Traders interpreted this as a buy signal because it means that more money will be sloshing around the world stimulating business and increasing profits.
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