Japan Pledges a New Round of Quantitative Easing; Speculators Worldwide Rejoice
By Trader Mark
01 December 2009 @ 07:55 am EDT
A bit of a curveball last night - traditionally of late we have seen rallies Monday after Monday after some region, country, or government reiterates some combination of fiscal or monetary policies stressing easy money for as far as the eye can see. That wallops the dollars, and lets risk takers know they have nothing to worry about.... stocks surge. [Nov 20, 2009: What the Heck is Going on During Mondays Lately? Always Up] There was no such meeting or communication this past weekend, so Monday was very muted & aside from a late day "month end mark up" there was little to get giddy over.
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