The DJIA to fly away: Bernanke said it is necessary, the Senate said yes

Dow Jones Industrial Average tucked bears in the corner

In brief: Dow Jones Industrial Average continues to climb to the top of the U.S. stock market. Bulls began to celebrate.

Ben was unable to prevent the growth of Dow Jones Industrial Average today. The DJIA is at 10,314.43 points, gaining +193.90 (1.92%) since the beginning of the trading session. Bristol-Myers was marked record growth today. Meanwhile, at yesterday’s hearing in the U.S. Senate Federal Reserve head Ben Bernanke clearly signaled to lawmakers that talked about the victory over the recession is premature. Describing the current economic moment, the main financier of America used the phrase unusual uncertain, which can be translated as extraordinary uncertainty.

Bernanke is like pushing lawmakers to new steps to stimulate and withered over the past couple of months of consumer demand. Senators heeded hints financial helmsman and within a few hours after the speech Bernanke overwhelming democratic majority (59:39) took the bill to extend welfare to the unemployed, lost their jobs over the 26 weeks ago. Typically, unemployment benefits paid to the administration of the state within six months after the dismissal and an average of $ 309 per week. Federal funding will last until November and will affect even those who lost their jobs 99 months ago. The bill, which now must pass the ratification in the House of Representatives, which has touched 3.23 million people and cost the U.S. treasury of $ 34 billion. In November, the U.S. mid-term elections in which voters have to completely re-election of the House of Representatives, one third of the Senate and a third of state governors. Given that the poor in an absolute majority for the Democrats, the party mode, including the current head of the White House, did everything to force in the bill as soon as possible. Its passage through the corridors of Congress took a little over a month. However, the output of a bill to the finish line pleases not only the unemployed who are tired of searching for work. The funds will follow as quickly into the pockets of corporations engaged in retail business and, certainly, improve financial performance in the current quarter. In this context, indirectly earn benefits for U.S. unemployment may even Russian investors. First of all I would recommend to pay attention to stocks retailers economy class and companies that manufacture food for mass consumption. As an example, you can name the most affordable and extensive network of hypermarkets in the world of Wal-Mart (WMT), retail chain Family Dollar (FDO), where the price of any commodity does not exceed ten dollars, the largest producer of chicken Tyson Foods (TSN) or the Finnish maker of mobile phones Nokia (NOK), has a long line of tubes in a cheap price segment.

Ukrainian Globalist
2010-07-22 14:07, Economics.

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