Why the Bulls Are Back in the Stock Market Today

The stock market today is off to a strong start with the Dow Jones Industrial Average up more than 150 points around noon.

Right out of the gate, the Dow advanced 107.78, or 0.70%, to 15,410.88, the Standard & Poor's spiked 14.82, or 0.90%, to 1,664.42, and the Nasdaq jumped 40.47, or 1.17%, to 3,499.61.

Boosting the stock market today were accommodative comments from international central banks that the printing presses won't be turned off anytime soon.

The Bank of Japan and the European Central Bank both reaffirmed that their easy money policies will remain intact as long as necessary. The news sent European and Asian markets all up more than 1%, with the momentum spilling over to the United States.

"Whenever the Fed starts slowing its stimulus, that will have an impact on markets, but there's enough strength out of retail and housing that we can sustain our gains, especially with Japan making it very clear what its policy will be," Tad Hill, chief executive of Freedom Financial Group in Birmingham, AL told