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IPFS News Link • Economy - Economics USA

How the Hell Does the Dow Break 13,000?

• by Staff Report

Dow crosses 13,000 for first time since May 2008 ... Market sentiment was boosted by news that euro zone finance ministers secured a deal that will enable Greece to avoid a March default. A deal on the 130 billion euro ($172.47 billion) bailout was reached after Greece was forced to accept unpopular fiscal measures, and private bondholders agreed to steeper losses. Analysts said the deal was already priced into the market, which showed a muted response as initial optimism waned on questions about Greece's dismal economic outlook. "Any pullbacks will be looked at as potential entry opportunities as investors, in many cases, are underperforming the benchmark S&P 500. As the market keeps impressing, market short-players will be forced to reconsider the macro bets they've made, and thus a run to cover could propel another upside surge." – MSNBC

Dominant Social Theme: Let the good times roll.

1 Comments in Response to

Comment by Tom W.
Entered on:

I can sum it all up in two words: Printing Money