TSX surges as bargain hunters move in

ETF Database submits: After a weak session in Monday trading, American equity markets managed to march higher today as investors scooped up shares on solid earnings in the industrial sector and hope for a resolution in the European debt crisis. Both the Dow and Nasdaq rose by 0.3% on the day while the S&P 500 managed to edge higher by 0.4%.

ETF Database submits: A day after the Fed’s $600 billion dollar injection into the Treasury markets, U.S. equity markets stormed higher across the board. The tech-heavy Nasdaq finished ahead by 1.4% while the S&P 500 and the Dow both gained almost 2% on the day. In the Treasury markets, medium-term yields took a beating as the 10-year note fell 10 basis points to yield 2.48% and the 7-year note saw its yield sink by 11 basis points to the 1.71% mark.

James Cordier submits:When I first started my career back in Milwaukee (more years ago than I care to remember), most of my initial clients were farmers. In those days, it wasn’t like it is today. Back then, there were two types of people that invested in commodities – farmers and gamblers.

Cliff Wachtel submits: It isn’t often that we see one distinct event that forces a reevaluation of ongoing trends, but the FOMC statement this past Tuesday could prove to be one of them. By issuing a statement that markets interpreted to be a clear indication of a new round of stimulus in the coming months, the Fed has altered the picture in every major asset market for the near term at minimum.

The Toronto stock market racked up a solid gain, led by advances in mining stocks amid rising oil and copper prices

Sumit Roy submits:Energy

By The Sovereign Society:There is a commonly believed fallacy out there that goes something like this:China is slowing down, and it consumes most of the world's commodities right now. So if China is slowing down, it isn't consuming as many commodities, and therefore, commodity prices will head downward. I hear some version of this thought almost every day in the financial media. However, this is a flawed form of thinking.

Global equities stage a solid rally as positive developments in China help encourage a wave of bargain hunting following the recent sell-off