Millionaires Rally for Barack

Barack Obama's appointees on the Federal Reserve Board exceeded the expectations of the moneyed class, voting 9 to 1 to continue printing a trillion dollars a year to boost the asset values of the rich.

Wall Street workerss keeping
 up with the Feds' flow of funds.

U.S. stocks rallied 1% across the board after the Federal Reserve announced it will not reduce its $85 billion monthly asset purchasing program. The unexpected decision propelled the Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) to close at fresh record highs, topping the previous records of 15,658 and 1,709, respectively; both set on August 2nd. The Nasdaq (^IXIC) rose 1% to close at a 13-year high of 3,783. And gold prices saw even greater gains than stocks rising over 4% to $1,360 an ounce in after hours trading.

The Fed's decision came as a big surprise to many on Wall Street who were expecting a $10 billion to $20 billion reduction in monthly stimulus.

In the Obama economy it takes money to make money. It seems like a record is set almost every day. In the meantime, ordinary workers and savers are earning fractional interest rates and paying banks to maintain their accounts. Way to go Barack!