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Dallas Fed chief Fisher warns the "feral hogs" of the markets about attacking Treasurys (TLT) or...

Dallas Fed chief Fisher warns the "feral hogs" of the markets about attacking Treasurys (TLT) or MBS (MBB, MORT, REM). "We haven't forgotten what happened to the BOE (Soros forced devaluation in 1992). I don't think anyone can break the Fed." The FOMC he says, he "fully understood" markets would react big to word QE could end next year. However, "I don't want to go from Wild Turkey to cold turkey overnight," says the prominent hawk. Markets look to be responding, the S&P (SPY -1.3%) cutting its losses and the 10-year Treasury yield returning down to 2.57%.
Comments (7)
  • Interesting Times
    , contributor
    Comments (10419) | Send Message
     
    Was surprised it took this long to start backtracking to be honest!!

     

    Credibility any concern here?
    24 Jun 2013, 01:42 PM Reply Like
  • Steve B. Wise
    , contributor
    Comments (122) | Send Message
     
    A very interesting quote:' "We haven't forgotten what happened to the BOE (Soros forced devaluation in 1992). I don't think anyone can break the Fed." '
    Makes me ask the following question:
    What if someone could?
    24 Jun 2013, 01:47 PM Reply Like
  • Joe2922
    , contributor
    Comments (409) | Send Message
     
    Market is bigger than Fed. RUT held 100d today and SPX target 1562 provided a bounce but this is Mother of All Tops, might get one more high then lights out:
    http://bit.ly/WpVqYk
    24 Jun 2013, 02:08 PM Reply Like
  • minecanary
    , contributor
    Comments (417) | Send Message
     
    Of course, this is coming from one of the clowns who broke the entire market
    24 Jun 2013, 01:49 PM Reply Like
  • bbro
    , contributor
    Comments (9485) | Send Message
     
    "Feral hogs"....spoken like a Texan...

     

    http://bit.ly/14lAGVo
    24 Jun 2013, 01:52 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    BTFD Economics
    24 Jun 2013, 02:07 PM Reply Like
  • warren white
    , contributor
    Comments (10) | Send Message
     
    Mr. Fisher if he were a golfer with the accuracy of his comments/forecasts the past four years his handicap would be 40!!!!
    24 Jun 2013, 04:08 PM Reply Like
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