Market recap: Markets tumbled across the board - stocks, oil, gold and the euro - as what was...

Market recap: Markets tumbled across the board - stocks, oil, gold and the euro - as what was already a broad-based decline became a full-fledged selloff after the Fed signaled growing unease about its stimulus efforts. While the S&P and Nasdaq fell more than 1%, the Dow was off only 0.7%, surprising considering the weakness in Caterpillar as it reported a global sales slowdown.
Comments (12)
  • fafatooey
    , contributor
    Comments (435) | Send Message
    Pure comedy. Pure theater. They can't stop... and they know it.
    20 Feb 2013, 04:21 PM Reply Like
  • Bill L.
    , contributor
    Comments (691) | Send Message
    "NYSE Margin Debt Near All Time Highs"




    -Bill L.
    20 Feb 2013, 07:00 PM Reply Like
  • june1234
    , contributor
    Comments (4474) | Send Message
    they stop it crashes they know it. Jon Stewart should be running the Fed, at least hes funny
    20 Feb 2013, 04:31 PM Reply Like
  • Michael Parmar
    , contributor
    Comments (247) | Send Message
    US Fed minutes:


    "A number of participants stated that an ongoing evaluation of the efficacy, costs, and risks of asset purchases might well lead the Committee to taper or end its purchases before it judged
    that a substantial improvement in the outlook for the
    labor market had occurred."


    For anyone interested in the discussion of US Fed Policy not being properly priced into the market:

    20 Feb 2013, 05:06 PM Reply Like
  • jhooper
    , contributor
    Comments (8160) | Send Message
    Maybe they've just decided to jawbone more this time around to keep PMs from going off the chart. Then they can get all the discussions going that say, "see, see, we told you, all this gov intervention is working and the evidence is everyone is getting out of gold because they know the economy is only going to get better and better thus they want to be invested in real things, not like gold".


    As such, we are going to constantly get this implications from the FOMC that they are about to end QE any day now, when they have no intentions what-so-ever of ending it anytime before the Fed's balance sheet hits $4 trillion.
    20 Feb 2013, 05:14 PM Reply Like
  • SmashFinance
    , contributor
    Comments (34) | Send Message
    the Fed is taking cues from Draghi and Abe (scary right?).... jawbone as you say, without actually doing anything....
    20 Feb 2013, 09:20 PM Reply Like
  • mobyss
    , contributor
    Comments (2634) | Send Message
    Gold saw this coming, with the sell offs of the past few days. GLD down 2.5% today.


    If they don't make "QE-friendly" noises tomorrow the markets will crash 5% by Friday...
    20 Feb 2013, 05:15 PM Reply Like
  • Michael Parmar
    , contributor
    Comments (247) | Send Message
    HYG and other sectors were down too, Equities having been floating high for a bit
    20 Feb 2013, 05:19 PM Reply Like
  • Joe Springer
    , contributor
    Comments (2650) | Send Message
    My take:

    20 Feb 2013, 05:38 PM Reply Like
  • deercreekvols
    , contributor
    Comments (9725) | Send Message
    Is someone really taking a salary to run the Fed?
    20 Feb 2013, 09:27 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
    So the Fed is running the country now instead of congress and Treasury?
    20 Feb 2013, 10:58 PM Reply Like
  • MarvinMBA
    , contributor
    Comments (830) | Send Message
    Interest rates will be on the rise....hold back on bond purchases or you will lose big bucks...MarvinMBA
    21 Feb 2013, 01:55 AM Reply Like
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