Wednesday, October 22, 2014

Today's Links

 "When profits rise it’s growth, when wages rise it’s inflation." The Fed's motto

1---U.S. Stocks Surge; Nasdaq Up 2.4%, WSJ

U.S. stocks rallied Tuesday, with gains in technology stocks propelling the Nasdaq Composite to its biggest one-day percentage jump since January 2013.
The Dow Jones Industrial Average rose 215.14 points, or 1.3%, to 16614.81. The S&P 500 gained 37.27 points, or 2%, to 1941.28, marking its biggest one-day percentage gain in a year.
The Nasdaq Composite rose 103.40 points, or 2.4%, to 4419.48. Stocks closed near the highs of the session.

2---The Most 'Distrusted' News Sources In America, zero hedge

3--Fed's "put" still in place, Bloomberg

By estimating that zero stimulus would be consistent with a 10 percent quarterly drop in equities, they calculate it takes around $200 billion from central banks each quarter to keep markets from selling off.

With the Fed and counterparts peeling back their net liquidity injections from almost $1 trillion in 2012 toward that magic marker, King’s team said “a negative reaction in markets was long overdue.”
“We think the markets’ weakness owes more to an almost belated reaction to a temporary lull in central bank stimulus than it does to any reduction in the effect of that stimulus in propping up asset prices,” they said in an Oct. 17 report to clients.

Bank of America Merrill Lynch strategists said in a report today that another 10 percent decline in U.S. stocks might spark speculation of a fourth round of quantitative easing from the Fed. That would mimic how the Fed acted following equity declines of 11 percent in 2010 and 16 percent in 2011

4--Regulator Tells Banks to Clean Up Bad Behavior or Face Downsizing, NYT

5--Has the junk bond bubble deflated?, cnbc

6---America's housing policy: The definition of insanity, yahoo

7--The Truth Hidden by IBM’s Buybacks, NYT

8--Germans Clear Russia in MH-17 Case, SChimp

9--Government Debt Isn't the Problem—Private Debt Is, atlantic

10--The Signals From the High-Yield Bond Market, NYT

11--Riyadh using oil as a weapon , alakhbar

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