Market Currents
Wednesday, October 28, 2009
2:11 PM
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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:
If this is true, all the Fed has to do is constantly adjust rates and the market will go to infinity.
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.
How can you not laugh at these bozzo's
Huh? So much for hindsight being 20/20.......
market goes up because the FED has loose zero rate philosophy, market goes up because the FED has tightening higher rate philosophy,
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.