U.S. markets up again, but likely on Fed stimulus speculation

Posted By on June 19, 2012

There's way too much speculation in the thought the Federal Reserve will again "try" to prime the economy when serious regulation and tax changes are what we need from Washington DC. If Bernanke and crew sit quietly on their hands or even suggest the economy doesn't need additional stimulus, we'll most likely see another stock sell-off.

The Dow tacked on 114 points, or 0.9%, to 12855 in late Tuesday trading, pacing for what would be the third rise of more than 100 points in four sessions.

The Standard & Poor's 500 rose 15 points, or 1.1%, to 1359, and the Nasdaq Composite rose 37 points, or 1.3%, to 2932. Both benchmarks were on pace to notch four-session streaks of gains. For the technology-heavy Nasdaq, it would be longest winning streak since February.

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Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.