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The Fed may be saying the market is on its own until after the 2012 presidential election, and...

The Fed may be saying the market is on its own until after the 2012 presidential election, and the market isn't liking it; the Dow now -203, Nasdaq -26, S&P -17. "Long on gloom and short on solution was not a combination that bruised market participants would have wished to see."
Comments (2)
  • moreofthesame
    , contributor
    Comments (743) | Send Message
     
    I suppose the Federal Reserve Bank is busy buying Bonds in the rest of the world and making secret deals in switzerland and also of course in finding a suitable candidate to endorse as our next president.
    9 Aug 2011, 02:55 PM Reply Like
  • bkpark
    , contributor
    Comments (325) | Send Message
     
    BTW, right now, market is above (or just at) when FOMC statement was released, so ... barring an irrational expectation that Jackson Hole statement will be substantially different from the FOMC statement, I'd say market already priced in no more quantitative easing from the Fed.

     

    Is the bottom near?
    9 Aug 2011, 03:34 PM Reply Like
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