A surprisingly large group will credit Republicans with this development

[Jeffersons Ghost]

Fed moves spur Wall Street rally, sending stocks to highest level since 2008
By Ylan Q. Mui
Washington Post Staff Writer
Thursday, November 4, 2010; 5:26 PM

U.S. stock markets reached their highest levels in two years on Thursday amid a broad global rally cheering the Federal Reserve's move to pump $600 billion into the national economy.

The blue-chip Dow Jones industrial average and the broader Standard & Poor's 500-stock index jumped 2 percent, making up their losses since the financial crisis struck in September 2008. The Dow closed at 11,434.84 while the S&P ended the day at 1,221.06. The tech-heavy Nasdaq rose 1.5 percent to close at 2,577.34.

Stocks began to creep upward on Wednesday afternoon when the Fed announced that it would spend $600 billion to buy Treasury bonds over the next eight months in an effort to lower long-term interest rates and boost economic activity.

Though the move had been widely anticipated, its impact had not been fully priced into the market, said Lawrence Creatura, portfolio manager and equity market strategist for Federated Investors.

http://www.washingtonpost.com/wp-dyn/content/article/2010/11/04/AR2010110401374.html?hpid=topnews

Timing of the Federal Reserves' decision to buy $600 billion in bonds was no accident. The stock market response was predictable. You can bet FOX is having a hey-day with this news. And Joe Six-pack will believe that the Republican victory in the House is somehow already impacting the economy.

[rgbecker]

1. I don't care who is responsible...Just happy to have some life left in my IRA.

[Jeffersons Ghost]

2. I hope your IRA continues to grow. Perhaps now Big Business will allow a modest recovery...

now that their puppets control the House