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More on FOMC minutes: Nervous stock (SPY +0.2%) and bond markets (TLT -0.4%) erase at least part...

More on FOMC minutes: Nervous stock (SPY +0.2%) and bond markets (TLT -0.4%) erase at least part of their losses following meeting minutes which don't contain any hawkish leanings the markets didn't know about 3 weeks ago (the date of the meeting, policy statement, and Bernanke press conference). There's again mention of St. Louis Fed Jim Bullard's dovish dissent in which he feels the FOMC should signal more strongly its intent to defend the 2% inflation target from the downside. Gold (GLD +0.9%) gets a lift, continuing a multi-session bounce from below $1,200, now up to $1,259/oz.
Comments (2)
  • Jhalgren
    , contributor
    Comments (100) | Send Message
    As a consumer advocate, it appears gold maybe the only safe haven since our so-called Fed Committee members are living in a world far different from ours--a fake one. Stabbing the bond market won't help the stock market that will crash as well--just wait for the July unemployment figures--hardly anyone hires then. It's a tough slog ahead. August won't be any better. We'll just see how the Fed spins the bad news to come. Polite words cannot adequately describe what's happened in our country: tears; then, courage is required to right the ship of state.
    10 Jul 2013, 02:48 PM Reply Like
  • SharkDude
    , contributor
    Comments (552) | Send Message
    Pathetic. Market can't take off it's training wheels. FED has no balls to let the market work on its own. Future Econ textbooks will have a whole chapter on Ben the drug dealer.
    10 Jul 2013, 05:22 PM Reply Like
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