Off the Charts

No taper! No taper! The Fed shocked the world today with its decision NOT to taper, citing the desire for greater improvement in the economy and labor force before cutting its QE pace of purchase. The language used by Chairman Ben Bernanke in the subsequent press conference was some of the most dovish we have heard since early this year. The S&P surged 1.22% to close at new all-time highs, while the Nasdaq jumped 1.01% to close at its highest levels since September 22nd, 2013. World markets, particularly emerging markets, greeted the news even more warmly as even Bernanke acknowledged that they are a leveraged play on U.S. growth.

Rate-sensitive assets naturally performed best after the surprising announcement. SPDR Gold Shares (GLD) and iShares Silver Trust (SLV) finished the day up 4.47% and 6.44%, respectively.iShares Barclays 20+ Year Treas Bond (TLT) bounced 1.22% to match the S&P gain. Safe, dividend-oriented sectors ignited, with the usually low-beta Utilities Select Sector SPDR (XLU) finishing up 3.04%. You could see safety stocks re-claim more of a leadership role in the market after tech took the baton when "taper talk" started this summer....694 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.