Stocks Rise, Betting Feds Will Vote To Buy More Mortgages And Treasuries

Markets edged upwards Monday, betting that the Federal Reserve will vote tomorrow to inject more money into the system by buying up more mortgage-backed securities and Treasuries.

The Dow was up 34 points and other indexes crept upwards.

A new Fed infusion would be good for stocks by pumping more cash into the trough, but at the same time, could shake investor confidence by recognizing that the recovery is spluttering.

U.S. Stocks Advance Amid Speculation of Fed Stimulus Measures [Bloomberg]

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  1. grapedog says:

    this pisses me off so much… every time I run into someone too apathetic to vote, I just want to slap them right in the fucking mouth. gtfo of this country please…

  2. AngryK9 says:

    Ah. So the US Triumvirate isn’t finished bailing out their corporate allies yet.

  3. Mike says:

    It’s a good thing we changed the laws and reinstated Glass-Steagall to prevent another meltdown. Wait, we didn’t? Hmmmm.

    Well it’s a good thing we put tougher regulation in the derivatives market in the Financial Reform bill. Wait, we didn’t do that either?

    But our big deposit banks can no longer hedge 40 to 1 right? They still can? Oh crap.

    But the Volcker rule will protect us. What’s that? There was an amendment added to allow banks to invest in hedge fund in order to get the final vote needed to overcome a filibuster? Damn.

    So what has changed? Oh, it’s harder for the little guy to get a loan. Great.

    Where are we going, and why am I in this hand basket? Is it getting warm in here?

    • Starrion says:

      “Where are we going, and why am I in this hand basket? Is it getting warm in here?”

      Why are WE in this handbasket.

      It’s a big basket because we are all riding this together.

      Please keep your seatbelts fastened as turbulence may occur when banks crash down in financial ruin. We will advise you as we approach our final destination so you can being wailing and gnashing your teeth.

  4. prizgrizbiz says:

    Why?
    Why not?! We have lots of money!