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Stocks sell off a bit more - the S&P 500 -0.8% - in reaction to the Fed (the original Twist...

Stocks sell off a bit more - the S&P 500 -0.8% - in reaction to the Fed (the original Twist announcement saw the DJIA drop 300). The Twist is not QE and the best that can be said for it may be slightly lower long-term rates, but the 10-year is already at 1.63%. The Chairman holds a press conference at 2:15 ET.
Comments (3)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    No, it didn't work before. No, it won't work this time. But, they will keep doing this over and over again nonetheless. Because Bernanke and the other geniuses at the Fed can't possibly be wrong.
    20 Jun 2012, 01:00 PM Reply Like
  • wapiti
    , contributor
    Comments (694) | Send Message
     
    David, it's called Groundhog Day! These talking heads are onlly worried about today and today alone. We can thank the government for this quagmire we're in.
    20 Jun 2012, 02:05 PM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (2450) | Send Message
     
    Twist helps the housing and sector, which has been showing signs of stabilizing and even the beginnings of a recovery. Hang onto your stocks in the construction and mortgage finance sectors because Twist will help them through 2012 and even if it ends at that point, we'll continue to see benefits through at least June 2013.
    21 Jun 2012, 08:31 AM Reply Like
DJIA (DIA) S&P 500 (SPY)