Minnesota stocks have a hot first quarter

  • Article by: NEAL ST. ANTHONY , Star Tribune
  • Updated: April 7, 2013 - 6:51 PM

After a hot first quarter, the stock markets cooled last week just as Minnesota started to warm.

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herby2013Apr. 8, 13 1:00 AM

The Federal Reserve is still printing $45 BILLION per month and using it to buy securities to inflate the stock market. Fourth quarter 2012 GDP growth was a dismal 0.10% (revised upward from -0.10%). In no way, shape, or form is that dismal economic growth sufficient to justify a rising stock market. Every time the Federal Reserve's "quantitative easiing" program to inflate securities values ends, stocks fall. Stocks fell for six straight weeks in 2011 until the Fed announced it was considering another "quantitative easing" program. The Dow 30 lost 1,000 points in May 2012 (I believe it was May) until the Fed again announced it was considering another "quantitative easing" program. Read this from October 2012: "(Federal Reserve) Chairman Ben S. Bernanke is increasingly aiming for gains in stock prices as the Federal Reserve reaches for new tools to spur the three-year recovery and reduce unemployment stuck above 8 percent. Bernanke, setting the stage for a third round of quantitative easing in an Aug. 31 speech in Jackson Hole, Wyoming, said the strategy works in part by boosting the prices of assets such as equities." Source: "Bernanke Seeks Gains for Stocks in Push for Jobs: Economy", Bloomberg.com, Oct 2, 2012. That says it all: the Fed is printing money to inflate stock market values. How can you folks in the media keep trumpeting this as a sign that the economy has finally recovered when it indicates the EXACT OPPOSITE?

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pitythetoolsApr. 8, 13 8:04 AM

SuperValu and Best Buy have a hot first quarter? Both stocks were beaten into the ground last year and show a recovery, but are still well below where they were 2-3 years ago.

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