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Draghi Lead the Bulls Charge for a Second Day

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Stocks paid homage to Mario Draghi today as he appeared to be following up on his comments from yesterday which sent equities charging upward.  In addition, our economy showed growth of 1.5% in the 2nd quarter.  While still pretty anemic, it was still higher that the 1.2% advance the street expected.  Consumer Sentiment was also higher than had been forecast.   The White House comments that the economy is going in the right direction were a little surprising in that the 2011 4th quarter showed a 4% improvement and the 2012 ist qaurter showed a 2% increase.  It seems like fuzzy math to me.  All in all stock traders were jubilant as the Dow closed up 187 points.