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  • Not Surprised By Fed's Announcement 2 comments
    Dec 13, 2011 5:51 PM

    Interesting how the Federal Reserve didn't say anything really unexpected and yet the market took an ~2% hit from peak to close.

    European Crisis still isn't solved, still a lot of economic carnage, etc., etc., Were any of you really suprised?

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  • Josh Krause
    , contributor
    Comments (1356) | Send Message
    Doesn't matter if we were suprised. The markets wanted QE3, and Bernanke failed to deliver. I expect the market to have a hissy fit in response.


    If the bond auctions in Italy go poorly we should see more downside tomorrow.


    If they don't we might see some stabilization.


    Last time Bernanke removed QE3 from the table when the market was expecting it we had a good few strings of down days.


    Time will tell if history rhymes this time.
    13 Dec 2011, 06:08 PM Reply Like
  • Brian Gorban
    , contributor
    Comments (1056) | Send Message
    Author’s reply » good point KK.
    13 Dec 2011, 06:56 PM Reply Like
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