Stocks soar after Fed cuts stimulus, citing stronger US economy; Dow jumps almost 300 points

  • Article by: The Associated Press , Associated Press
  • Updated: December 18, 2013 - 3:16 PM

NEW YORK — Stocks are surging after the Federal Reserve decided the economy was strong enough for it to reduce its stimulus efforts.

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maxwellbayDec. 18, 13 3:24 PM

The DOW jumped because the idiot FEDS have given warning that they are still going to pump 75 BILLION dollars into this horrible economy. Buy, buy, buy....but be ready to sell quick when they run out of money. These AP fluff pieces are amusing.

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theagonybhoDec. 18, 13 3:53 PM

Investors are giddy over the fact the economy is so bad the feds only have to pump 75 instead on 85 billion a month to prop it up.

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JRBDec. 18, 13 4:08 PM

It's not a good thing when the market reacts more to what the Fed is doing than company earnings. When the Fed is about to reverse course be ready for a major correction.

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sek2undrstndDec. 18, 13 4:23 PM

theagonybho and maxwellbay are upset because they pulled all their money out of the market in 2009 and have yet to get back in to the market.

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nicesiglegDec. 18, 13 5:08 PM

sek2understand, I doubt it. If they have any sense, they are taking advantage of the foolish moves by team Obama. I'm sure they will sell when this comes to an end. If you have any extra money, I would invest right up until the huge crash that will come when they stop buying bonds. Anyone who understands economics knows the truth. Obama apologists think the surge in the market is a sign of a solid economy, and I hate to tell you but our economy is extremely fragile and that my friend is completely due to Obama's policies though some fools blame others.

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theagonybhoDec. 18, 13 5:19 PM

sek2undrstnd, 2010 to be exact, i couldnt take another hit like the ones thats around the corner, when this sugar high ends, 2008 will seem mild. Kudos to anyone who stayed in after they lost half thier retirement but all im saying is its fake and get out soon.

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deputydawg2Dec. 18, 13 5:20 PM

The obama house of cards will come tumbling down. The only ones getting rich on Wall Street are the big banks and financial institutions. The retail investor always loses. Obama has built a house of cards that cannot stand much longer. Look for a major correction soon.

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bgmach3Dec. 18, 13 5:54 PM

Just another step to set the average person up to lose their wealth in the next havemore money grab. Endorsed by havmore banking, havemore wallstreet and havemore politicians. It's just a matter of time.

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