Thursday, September 6, 2012

Stocks Explode to Fresh FIve-Year Highs...

...on promises by central bankers, both in the US and Europe, to monetize unlimited amounts of government debt, and the first positive weekly jobless claims report in four weeks. The chart shows the past four weeks for stocks, including the magnitude of the elation this morning (last candle). The Dow is up nearly 250 points thus far.

Something doesn't match between the stock chart above, and the various news reports below.