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Market Currents

Wednesday, October 28, 2009
2:11 PM TweetThis
  • Contrary to opinion, the stock market will embrace a tightening monetary policy, says Jeffries & Co. chief strategist Art Hogan. Rather than seeing higher corporate borrowing costs, he says, investors will know the moves are coming because of positive economic signals: "The Fed has a pretty good picture of the economy, and can usually see around the corner."

This news story has 11 comments:

  •  
    So the market likes rates being lowered and being raised?

    If this is true, all the Fed has to do is constantly adjust rates and the market will go to infinity.
    Oct 28 02:18 PM | Link | Reply
  •  
    "The Fed has a pretty good picture of the economy, and can usually see around the corner."

    Yeah, their track record is impeccable isn't it? What a load of Fed cheerleading that is. Hogan's constant appearances on CNBC should be enough of a clue for you.
    Oct 28 02:24 PM | Link | Reply
  •  
    That is the funniest thing I've read all day: "The Fed has a pretty good picture of the economy, and can usually see around the corner."

    How can you not laugh at these bozzo's
    Oct 28 02:24 PM | Link | Reply
  •  
    "The Fed has a pretty good picture of the economy, and can usually see around the corner."

    Huh? So much for hindsight being 20/20.......
    Oct 28 02:25 PM | Link | Reply
  •  
    OMG talk about when you cant dazzle them with your brilliance baffle them with your BS

    market goes up because the FED has loose zero rate philosophy, market goes up because the FED has tightening higher rate philosophy,
    Oct 28 02:25 PM | Link | Reply
  •  
    Aldous Huxley could not have said it better himself.
    Oct 28 02:28 PM | Link | Reply
  •  
    Just like the market plunged last year on interest rate cuts. Eventually the rate increases will impact the economy, but with the economy turning it'll be a long time before interest rate increases have an impact. Changing the fed funds rate to .5% can hardly be seen as bearish.
    Oct 28 02:34 PM | Link | Reply
  •  
    And how come Ben didn't see the around the corner of the housing crisis?
    Oct 28 02:35 PM | Link | Reply
  •  
    What point is Mr. Hogan driving at? That the Fed should raise rates just to psych out the market?
    Oct 28 02:46 PM | Link | Reply
  •  
    Dont bet on it, IMO at the slightest hint that the Fed may tighten will be the proverbial "straw breaking the Camels back", and thats because everyone will not to be the one left holding the bag the resulting rush to sell will be a selling Tsunami.


    On Oct 28 02:34 PM Stone Fox Capital wrote:

    > Just like the market plunged last year on interest rate cuts. Eventually
    > the rate increases will impact the economy, but with the economy
    > turning it'll be a long time before interest rate increases have
    > an impact. Changing the fed funds rate to .5% can hardly be seen
    > as bearish.
    Oct 28 03:04 PM | Link | Reply
  •  
    "The Fed has a pretty good picture of the economy, and can usually see around the corner." Ha, Ha, Ha. I think I am seeing Laugh-in re-runs.
    Oct 28 05:55 PM | Link | Reply
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