Well I did not bother to stay up and watch the FOMC meeting, because I knew whatever came spewing out of Ben Bernanke's mouth would be either horseshit, or bullshit! LOL. Take your pick, I am not sure which one is more potent. LOL.
Anywhoo...After reading his comments, and the FOMC minutes it is evident that the officials want to see more evidence of recovery in the jobs markets before tapering the current stimulus program. They want to keep inflation at around 2% but the FED Board is split over when they should start to taper or cut back their massive stimulus support program.
As you can see the market did like Ben Bernankes comments, and we have been skidding up higher on the S&P 500 in the last few hours. Bears are still hating this market, but the charts do not lie. There is no doubt about it, the S&P looks very strong right now.
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