LONDON (AP)-- Disappointing U.S. economic growth figures failed to alter the mood in financial markets Wednesday which has seen most stocks eke out solid gains for the second day running.Market up, dollar up, gold down. This is not what Flack and Galt were predicting. Has the world gone mad?
Despite signs that the recent correction in stock markets may have stabilized, investors remain cautious.
"It still feels as if markets are simply looking to catch their breath after all the excitement of the past week, and so it is perhaps unwise to suggest that two days of positive trading make a trend," said Chris Beauchamp, market analyst at IG.
I'd take his advise if I were you, Homer. Let's wait to bring out the cake in another month or so before we celebrate - or after the Feds completely stop the printing presses this time next year.