Friday, June 21, 2013

Stocks Close Modestly Higher, Bonds Sharply Lower

This week was the largest drop in bonds in the 50-year history of Bloomberg keeping record of it!

But stock closed modestly higher after Jon Hilsenrath at the WSJ said that the market may have misunderstood Bernanke's message earlier in the week. He said that Bernanke has no intention of reducing the monetization of US debt.