Printing up extra money -- with no backing -- used to be the sort of thing only counterfeiters did. Now it is done by the central bankers and Treasury Secretaries themselves.
The stock market had a very interesting session today as the indices gapped up at the opening, sold off very sharply early on, but held support, and then came on with a bang, especially on the Nasdaq 100, which caused mid-session to consolidate and then exploded into the close, to close at the high for the day going away.
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