The broad markets are soaring once again. The Dow Jones Industrials
Eric Rosengren, president of the Boston branch of the Federal Reserve, is encouraging the Fed to enter into an aggressive bond-buying program until the economy gains momentum and unemployment starts to drop. The problem here is nobody knows the true depth of the unemployment quagmire. Good news can encourage previously dissuaded unemployed people into re-entering the job market. In 2012, the number of people unemployed increased twice after the Bureau of Labor Statistics released positive monthly jobs creation numbers.
Also contributing to the increased confidence is the overwhelming number of companies reporting earnings that beat analyst estimates. With greater than 80% of the S&P 500
|Dow Jones Industrial Average||87.11||0.66%|
Source: Yahoo! Finance
Another company that has seen volatility over the past quarter, Sirius XM Radio
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