FEDMANIA: Markets Are Surging

old faithful geyser

Photo: Wikimedia Commons

It looks like markets survived theĀ  Draghi press conference.After wavering a little bit, stocks are higher despite the cut.

The NASDAQ is up 1.2%.

The Dow is up 112.

The euro is near its pre-conference highs.

Why the lift? Basically there are louder and louder rumours about the Fed doing something at its June 20 meeting… probably full blown QE III.

Click here for more on the prospects of more Fed easing >

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