Skip to comments.Zero Hedge: NO FED Taper, cuts 2013,2014 GDP outlook
Posted on 09/18/2013 11:02:50 AM PDT by Perdogg
NO TAPER— zerohedge (@zerohedge) September 18, 2013
Fact or wish?
CNN - “Yes, the Fed is going to taper”
Dow up 62, was in the red previously.
MarketWatch is reporting this as well.
And the stock market goes wild....
Gold up $22.00....for now.
BWAHAHAHAHAHAHAHAhahahahahahahaha! ! ! ! ! ! ! ! ! ! ! !
The economic terrorism against the American economy, the middle class and our senior citizens continues.
I hope one day to piss on Bernanke’s grave for this.
America’s lost decade.
The FED is stuck. Just talk of a small taper and the yield on the 10yr rose, hurting the housing “recovery”.
I am thinking of sending mine to a fixed rate account until after the Budget Battle/Nero care implementation takes place in Oct./Nov.
Don’t see how the market can keep on the up side...
“This is incredibly wimpy,” David Kelly, chief market strategist at Morgan Stanley, told CNBC.
The Fed said it was unsatisfied with the pace of economic growth and felt the timing was not right to make a change in quantitative easing.
They still want to pretend that QE is helping anything?
Look at what happened to gold and stock prices!
(oh wait... That’s racist, right?)
My greedy side says stick it out - the side of me that agrees with you says get the rest in cash and hunker down.
DOW up 106 after starting the day in the red.
My other thought was cash out, purchase silver bullion and wait for STHF.
Ugh - no precious metals in my 401K options.
Well, with the rate at which the Democrat Party is moving in a Leftist/Populist direction, they will probably eat Wall Street if they win the White Hut again. So the Fed will get to stop buying eventually.
Everyone who understand’s politics said months ago that Bernanke would cave in.
If he let’s the economy tend toward reality, then everything will crash, interest will skyrocket, the payment on the debt will double at a minimum, and companies will dump jobs at a record pace.
Well therein lies the rub!
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