If yesterday it was doom and gloom for tech stocks, then today it's Facebook's turn for soom upside down frown turning boom. Moments ago the social network reported another round of blowout results, as follows:
Some more details on the user growth:
Are you not entertained??
http://www.youtube.com/watch?v=FsqJFIJ5lLs
Commodity Carnage continues in China...
Nothing happened before The Fed (apart from a chaotic dip and rip in crude oil and bid for bonds all morning)...and then it hit...
Getting the S&P 500 to 2,100 was all that mattered after The Fed - becase that tells the world that everything is awesome!!
We've lost "hope," so this must be the "change"?
Source: Investors.com
In a few moments, a major showdown will take place in the Senate when on the same table Valeant's outgoing CEO Michael Pearson will sit next to Valeant's most prominent investor Bill Ackman and also the former CFO, Howard Schiller, who the company recently tried to scapegoat for most of the problem that sent the stock price of VRX crashing 85% from its summer 2015 highs.
The best, and so far most concise assessment of the FOMC statement comes from Stone McCarthy which points out the following:
Key Take-Aways: