Off the Charts

The market enjoyed another choppy session, gyrating in a range after the FOMC minutes but ultimately finishing near the flat line. The FOMC came off more dovish in the Fed minutes than it did in the most recent rate decision. The major difference was the emphasis on the need for greater improvement in the labor market prior to potential QE tapering.

After the close, Fed Chairman Ben Bernanke, conducting an open Q&A at the NBER conference, struck an even more bullish tone and markets are loving it. The S&P is up an additional 0.5% after-hours as of 5:15 PM ET, while also after-hours SPDR Gold Shares (GLD) is up 1%, iShares Silver Trust (SLV) is up almost 2%, and the iShares Barclays 20+ Year Treasury Bond (TLT) is up 0.7%. Oil continues to be a big headline as it continues to climb. Crude oil is holding above the $100 level and finished the day up 2.41%....432 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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