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Today's Fed leak should come as no surprise following yesterday's big sell-off, writes Josh...
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Wednesday, March 7, 2012, 12:34 PM ETToday's Fed leak should come as no surprise following yesterday's big sell-off, writes Josh Brown, especially as the leading GOP contender has made clear his displeasure with Bernanke. In addition to stocks, crude oil and gold got their tails in the air following the report. "The Fed is not playing games ... they want this market rolling higher. Fight it at your own peril."
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I think the "correction" would've been worse, far worse, but we would've come out of it sooner rather than this slow sisyphus like push upward but I also think that we are priming the pump for massive inflation a couple of years from now.