Wednesday, May 25, 2011

Jobs v. Wall Street: When 'Bad News Is Good News' (with video)

CNBC with video (10:45):
CNBC's Jim Cramer provides insight into the counterintuitive link between a rotten economy and soaring asset prices: "We are and have been in the longest 'bad news is good news' moment that I have ever come across in my 31 years of trading. That means the bad news keeps producing the low interest rates that make stocks, particularly stocks with decent dividend protection, more attractive than their fixed income alternatives." In other words, the longer Ben Bernanke's policies fail to lower unemployment, the longer Wall Street enjoys a free ride. MORE...

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