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The fundamentals haven't changed enough to warrant all the skittishness in the market right now...

The fundamentals haven't changed enough to warrant all the skittishness in the market right now over what the Fed is going do about QE, observes Fusion Analytics' Josh Brown. He brushes off talk recently in the Financial Times that Chairman Bernanke would likely signal a drawdown to the asset purchase program this week. "No one knows what's going to happen," he says. And regardless, headlines shouldn't change an investment thesis anyway.
Comments (5)
  • tradewin
    , contributor
    Comments (658) | Send Message
     
    The guy is absolutely right. But I wouldn't expect level heads to prevail in an overly irrational environment.
    17 Jun 2013, 09:26 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10172) | Send Message
     
    If he does mention tapering I am sure he will sugar coat it sooo much to calm the nerves of those who are speculating .

     

    But I didn't think the fundamentals were any good anyway?

     

    Were hitting on all cylinders I guess . News to me !
    17 Jun 2013, 09:30 PM Reply Like
  • Remyngton
    , contributor
    Comments (354) | Send Message
     
    Josh Brown--- seldom right , never in doubt
    17 Jun 2013, 09:47 PM Reply Like
  • Mattster
    , contributor
    Comments (162) | Send Message
     
    I agree the guy is right. I really want to meet all the idiots who sell shares of everything every time they hear the word taper. The guys with the money to move the market supposedly aren't emotional in their trading but this market acts like a bunch of children crying for their mommy's milk. This generation is pathetic.
    17 Jun 2013, 10:08 PM Reply Like
  • DianeLee
    , contributor
    Comments (346) | Send Message
     
    Just happens to coincide with the end of the first half and summer vacations. Should be a great buying opportunity in July. Fundamentals? Sure, good practise.
    20 Jun 2013, 04:54 PM Reply Like
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