Tag Archives: Dow record

Today the Dow broke a record and will likely finish the day with a record high. Some thoughts on a Fed driven rally.

Many of us have watched the climb of the stock market since March of 2009 with a general sense of of unease.  We’ve watched our central bank, the Federal Reserve, do all that it could/can to move shares up. Every time the markets faltered the Fed came to the rescue and dumped piles of cash on Wall Street. Check out this chart of the correlation between the Fed’s printing efforts of the past few years and performance of the S&P.

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