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Stocks remain lower following the more hawkish tone from the FOMC, with a benign loss in the Dow...
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Wednesday, February 20, 2:19 PM ETStocks remain lower following the more hawkish tone from the FOMC, with a benign loss in the Dow masking more substantial drops in the S&P (-0.5%) and the Nasdaq (-0.7%). Gold (GLD -2.2%) and silver (SLV -3%) leg down to new lows for the session. Bond prices fell on the release, but have now turned positive, TLT +0.1%.
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Fortunately, I didn't wait around for Cramer to belabor the obvious. George Soros saw the handwriting on the wall more than a week earlier.
When Soros speaks, I listen.
When Cramer speaks, I turn off the audio. It's video only with Mad Money; 'cause that's the only way I can preserve my sanity. Even then....