Whenever a bad news topic arises like high gas prices or Iran, Obama's face is plastered all over the news with the caption, "What Does This Mean for the President's Re-Election Chances?" But, when there is good news on the horizon... nothing.
Blaming Obama for the collapsing economy and declining stock market he inherited was to be the primary strategy for Republicans in the presidential election. But, oh, how strange that is (even before being made obsolete by a recovery).
It likely means that investors will eventually get what they want yet again. Sometime down the road, while it may not be at the next couple of meetings, the Fed will likely implement QE3. But it has to end somewhere. So what are we to make of the divergent opinions within the Fed?
How awesome is that? It's just amazing. Isn't it? When the Dow goes up. Everything just feels so different. For everyone. For all of us. Everything just feels better. The sun shines brighter. The birds sing louder.
Why did gold and silver stocks just get hammered, at a time when commodities are considered a safe haven against global uncertainty? The answer is that the sector has been the target of massive short selling.