not4weak的博客
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正文
What a day!
Shorts were blindsided by the drop in Google shares and swamped in early Morning. The buyback news followed two dismal economic reports showing core wholesale prices shot up more than expected last month and that consumer confidence is waning. The data reinforced worries that the United States is suffering from stagflation, a state when the economy weakens amid rising costs. Yet, the heavy weight of the big blue in the DOW Jones index lifted the market up like a helicopter.
The market is kind of overcoming negative news, which is potentially a next step toward higher prices due to the huge amount of uncovered short volume.
Tuesday's advance extended a rally that began Monday when Standard & Poor's affirmed the AAA ratings for troubled bond insurers Ambac Financial Group Inc. and MBIA Inc. MBIA, which on Tuesday said it would eliminate its quarterly dividend, was also affirmed by Moody's Investors Service.
Shorts were blindsided by the drop in Google shares and swamped in early Morning. The buyback news followed two dismal economic reports showing core wholesale prices shot up more than expected last month and that consumer confidence is waning. The data reinforced worries that the United States is suffering from stagflation, a state when the economy weakens amid rising costs. Yet, the heavy weight of the big blue in the DOW Jones index lifted the market up like a helicopter.
The market is kind of overcoming negative news, which is potentially a next step toward higher prices due to the huge amount of uncovered short volume.
Tuesday's advance extended a rally that began Monday when Standard & Poor's affirmed the AAA ratings for troubled bond insurers Ambac Financial Group Inc. and MBIA Inc. MBIA, which on Tuesday said it would eliminate its quarterly dividend, was also affirmed by Moody's Investors Service.
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