The stock rally continues unabated, at least as long as the easy money continues unabated.
WSJ.com
Stocks are showing a bit of strength, but not much. Meanwhile, crude’s showing a bit of weakness — but not much (and lately is creeping back toward $105/barrel.) But bigger than both of those may be the prices in the cocoa market, what with Easter coming up and all.
Is fear dominating the conversation a bit too much? Ryan Detrick of Schaeffer’s Investors Research thinks so.
On today’s Markets Hub, we peer through the smoke clouding stocks, forex and oil, and find the common theme: cheap money.
Stocks are rally. So is oil.
There are an awful lot of big stories out there right now, and the yen is one of them, so we asked Brad Davis back to explain the latest moves in this critical market.
On today’s Market Hub, we try to get past the headlines and break down what’s happening with U.S. stocks and the Japanese yen, both of which are under varying degrees of pressure, despite today’s rise in stocks and easing in the yen.
We taped this before the headlines hit the wire from the EU’s energy commissioner, reporting on his comments that Japan’s nuclear crisis is out of control. Keep in mind that this is a man who’s half a world away from Japan making the comment, but still it sparked a mad dash across the markets.
On today’s Markets Hub, though, we focused on this morning’s housing and prices data, which weren’t exactly anything to write home about, mind you.
In case you missed it, here’s the late morning News Hub extra from WSJ.com, featuring an interview with nuclear physicist Kirby Kemper, and a break-down of the pressures on the market as Japan’s nuclear crisis grows.
Just a programming note, Kristina Peterson and I will be joining Simon Constable and Dave Kansas at 11 a.m. at WSJ.com for what I’m being told is a live video to discuss the markets today. We’re scrapping the usual Markets Hub to do this show, focusing obviously on the disaster in Japan and how the markets are selling off because of it.
