Stockhouse @ the Bell: U.S. stocks get bond buy lift

Today on Stockhouse

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Steven Saville explains why gold is the faith-based metal.

While Matt Badiali of DailyWealth believes rare earth stock investors are about to get clobbered.

Top Bullboards post: “The neighbor, ATAC believes they've found a new 'Carlin Trend'. For NDR (a now 8 million dollar company) to be optioned this 44 km property with robust gold showings could be a very big deal.” From ctoivo on the New Dimension Resources (TSX: V.NDR, Stock Forum) board.

Top Bullboard: Taseko Mines (TSX: T.TKO, Stock Forum) received the most reads and posts on a day its stock dropped more than 26%.

Top blog: Tomas22 profile a micro cap stock with a buy rating and a 50 cent target price in the T.PLI blog.

For news about small stocks that made big moves in Wednesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

“This 18% rally we’ve enjoyed may have already priced in” much of the bullish fundamentals, with a pullback of roughly 5% to be expected during the next few weeks, according to Phil Orlando, equity market strategist at Federated Investors, in an interview with MarketWatch.

Today In The Markets

TSX little changed, Fed injects more stimulus, buying US$600 billion in bonds

DJIA	11,215.13	+26.41
NASDAQ	2,540.27	+6.75
S&P500	1,197.96	+4.39
S&P/TSX	12,671.12	-10.30
S&P/TSX Venture	1,948.64	+6.23

(The Canadian Press) TORONTO-NEW YORK - The Toronto stock market closed little changed as the U.S. Federal Reserve delivered more economic stimulus aimed at the faltering American economy.

The S&P/TSX composite index points lost 10.3 points to 12,671.12 after the Fed said it would embark on a second round of quantitative easing, which involves the U.S. central bank buying bonds.

The latest round of quantitative easing, known as QE2, is supposed to lower interest rates and encourage lending.

The U.S. dollar weakened following the announcement, pushing the Canadian dollar up 0.26 of a cent to 99.32 cents US.

Oil closed up 79 cents at US$84.69 a barrel.

New York markets finished higher with the Dow Jones industrial average ahead 26.41 points at 11,215.13. The Nasdaq composite index rose 6.75 points to 2,540.27, while the S&P 500 index climbed 4.39 points to 1,197.96.

Please click here for the complete U.S. and Canadian market summaries.

After-Hours News

Prudential Financial Inc. (NYSE: PRU, Stock Forum)reported net income of its Financial Services Businesses attributable to Prudential Financial, Inc. of $1.167 billion ($2.46 per common share) for the third quarter ended September 10, 2010, compared to $1.090 billion ($2.35 per Common share) for the year-ago quarter. Revenue in the quarter rose to $7.88 billion from $6.8 billion a year earlier.

Kinross Gold Corp. (TSX: T.K, Stock Forum) and (NYSE: KGC, Stock Forum) announced its results for the third quarter ended September 30, 2010. Results for the former Red Back Mining Inc. assets are consolidated into Kinross for the period from September 17 to September 30, 2010. Production in the third quarter 2010 was 575,065 gold equivalent ounces, a 7% increase over the same period last year. Third quarter production included 20,238 ounces from the former Red Back Mining assets in West Africa. Revenue for the quarter was a record $735.5 million, compared with $582.3 million in the third quarter of 2009, an increase of 26%