It seems today was a very good day on Wall Street.
U.S. stocks surged on Thursday, with the Dow hitting a record on its biggest point gain since 2002, after healthy retail sales reassured investors about consumer spending and a $38 billion mining takeover fed expectations for more deals.
The Standard & Poor’s 500 index also closed at a new record and is now less than 6 points from its lifetime high. The Nasdaq rose to its highest in about six-and-a-half years.
Isn’t it funny though?
When large retailers like Wal-Mart say something positive the markets always respond in kind. The market also hinges on every word that comes out of the mouth of the chairman of the Federal Reserve.
It makes me wonder how many times someone says something that isn’t true, just to see what the market does.




