Today’s rally is all about QE hopes. The lackluster data coupled with EU turmoil is feeding into the backdrop of expectations. With the meeting set for next week, investors are definitely hoping for more than subtle hints. The labor market is deteriorating and the a Greek exit from the Euro is becoming increasingly likely.
A quick look at the major indices has the Dow up 94, the Nasdaq 13 and the S&P 9. Sign Up For Free Stock Alerts
Biostar Pharmaceuticals, Inc. (NASDAQ:BSPM) is up 22.45% today at $1.7970. BSPM has traded 692 thousand shares so far today, well above its daily average of 84 thousand shares. BSPM shares are back up to yesterday’s high one day after announcing it will conduct clinical trials for Viacom drug with Fmmu. The company has a market cap of 16.73 million. [Read more...]