Since the middle of the day last Friday, S&P is up around 6%. Pretty impressive run over 4 sessions (Monday was holiday).
"Investors would love to see normalized rates as an indicator that we've beaten deflation," says Quincy Krosby, general market strategist for Prudential Financial in Newark, N.J. "However, life gets in the way of what the Fed would like to do." when inflation becomes a headache as it surely will the pundit above will remember his writings and will substitute the word inflation. growth of an economy needs stability. this constant interference by governments in the economy, trying to outwit natural economics cycles, prevents the recuperative forces from previous excesses from taking command. instead of moderating cycles boom and bust cycles are exaggerated because of gov't actions. the more government interference the more the economy will deviate negatively from its potential long term growth line. traders and investors who recognize and react to the government actions will do just fine.
Yes, and even more impressive when you look at all the good news (sarcasm) it's done it on. Greece Fed Discount Hike China reserves increase