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Deer In Headlights: Markets Trend Downwards After Fed’s Confusing Taper .. Or No Taper
Confounded Interest ^ | 09/24/2013 | Anthony B. Sanders

Posted on 09/24/2013 3:05:05 PM PDT by whitedog57

The markets were stunned by The Fed’s decision last week not to begin tapering. Investors reacted … like deer in the headlights.

deerheads

Take the Dow Jones Industrial Average. After initial optimism on The Fed’s “No Taper” message, it has turned down.

djiapostfomce

The 10 year Treasury yield dropped with The Fed announcement and has continued to drift downwards.

ust10postfomc

As would be expected, both mortgage rates (yellow) and the Fannie Mae 30 year current coupon rate have drifted downwards.

mtgratepostfomc

Gold? Gold prices surged initially but had drifted downwards to about pre-announcement levels.

goldpostfomc

The good news? Both the Case Shiller 20 metro house price index and the Moodys/RCA CPPI all property commercial real estate indices have been on the rise.

cscommersince

So investors continue to be Dazed and Confused after The Fed’s taper-no taper decision last week.


TOPICS: Business/Economy; Government; Politics
KEYWORDS: bernanke; fed; gold; treasury
Dazed and confused!
1 posted on 09/24/2013 3:05:05 PM PDT by whitedog57
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To: whitedog57
Dazed and confused!

Yes, the HTML involved in posting your stolen charts continues to elude you.

2 posted on 09/24/2013 3:06:42 PM PDT by humblegunner
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