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]