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Fri Nov 23, 2012, 04:56 PM

DJIA Climbs Back Above 13000

NEW YORK—Stocks made a Black Friday foray far into the green, as shares locked down their biggest weekly percentage gain in months in a lightly traded short session.

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Asian markets were mostly higher after Chinese data on Thursday showed that manufacturing activity in November expanded for the first time in 13 months. A cease-fire between Israel and Hamas also gave global stocks a boost.

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European markets rose on the back of Thursday's strong session, as better-than-expected German data kept investors in a buoyant mood. The Stoxx Europe 600 was up 0.6%, putting the index on track for a fifth consecutive gain, after rallying 0.6% on Thursday.

More..

http://online.wsj.com/article/SB10001424127887324352004578136610769207592.html

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Never mind the details. Remember the Republicans saying that since Obama was re-elected the market was in a free fall? Completely ignoring the interdependence on foreign markets?


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Reply DJIA Climbs Back Above 13000 (Original post)
question everything Nov 2012 OP
Warpy Nov 2012 #1

Response to question everything (Original post)

Fri Nov 23, 2012, 05:26 PM

1. l expect a huge selloff around the end of December

as investors seek to dodge increased capital gains taxes when Stupid's irresponsible tax cuts are allowed to sunset.

It will rebound quickly. With bonds being renegotiated at lower rates, equities are about the best steady income generators out there.

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