Good old Mario!

US STOCKS-Wall St climbs after two-day drop, but Draghi caps gains

NEW YORK, June 6 (Reuters) - U.S. stocks advanced Thursday as investors bought shares offering value after a two-day drop, though gains were limited by comments from European Central Bank President Mario Draghi.

Stock index futures had erased earlier gains to turn negative before the market's opening as Draghi spoke at an ECB news conference, saying ECB policy would remain accommodative for as long as needed, but that the Governing Council ruled out lowering the bank's deposit rate into negative territory.

"It is troubling when you get a nine-, ten-point reversal in futures prior to the opening, but it is certainly central banker-driven, whether it is the ECB, Bank of Japan, the Fed, that is what dictates the market direction," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.

"Sooner or later these central bankers have to cut the cord and when they do, then the market will stand on its own."

Dow stabaliisers a little and our markets get shafted again no fairness here today.

FTSE 100 tumbles to another day of heavy losses

Going Down!

Jonuk76,

Many thanks for the info above. There is usually a reason why something that appears too cheap is so. As JPS are below the conversion price it makes no sense to buy JPSS except for a short term gamble which wasn't what i was looking for. I will keep JPS on my watchlist for the time being.

Alex