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Commentary Topic from greenfaucet

Rain for Roses; the Fed Irrigates Stocks

This has not been a banner year for roses in the Boston area. The lack of any appreciable rain since June has yielded weak, disease-prone blooms that have not displayed their expected fragrance and vivid color.

Some similarities can be seen in the U.S. stock market. At the bottom of its pull back in mid- August, the Dow stood 20 points below its opening 2007 level. The S & P 500 was down 3.24% and the NASDAQ was up 1.1%. Then the rains arrived. For the gardens, fresh blooms and green lawns. For the US market, a monster rally.