James Pethokoukis

The Dow knows — all the Bush tax cuts will be extended

November 5, 2010

The Dow industrials are up 2 percent today as Wall Street figures out what DC insiders know: All the Bush tax cuts will be temporarily extended, more than likely during the “lame duck” session in December.  Robert Gibbs gave it all away today after Obama hinted as much yesterday:

QEII will create jobs — for commodity speculators

November 4, 2010

The Fed’s new bond-buying binge will create plenty of commodity speculation and kill the currencies in some emerging markets. IBD’s Jed Graham puts it thusly: