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U.S. stocks fall after Fed comments
Yahoo (Reuters) ^
| Wednesday January 28, 2:27 pm ET
| Reuters staff
Posted on 01/28/2004 11:41:34 AM PST by The_Victor
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To: holdmuhbeer
I think you just put one in the ten ring.
61
posted on
01/29/2004 9:13:40 AM PST
by
ampat
(to)
To: The_Victor
It wasn't just the US markets, basically around the world, every ETF fund lost. Some of the biggest losses were around the world and not in America.
In the US, we had 2 ETFs, which are utility index funds to show an increase and a handful of Euro ETF's had an increase. In fact Vanguard's Euro index fund, VEURX, had an increase.
Some of the biggest decreases where in the Pacific ETF's and South America.
62
posted on
01/29/2004 9:15:25 AM PST
by
Grampa Dave
(GW is driving every rat in America into a deeper insanity, 24/7/365!)
To: RWR8189
"the change in wording may be due to the fed having already seen the advance Q4 GDP numbers and it is much higher than expected."The markets know that the fed doesn't like to see too much of a good thing, too fast! Greenspan is most famous for being an inflatophobic! He sees inflation correctly as being "the cruelest tax of all!" His number one tool to head off inflation is by raising interest rates as a brake on the economy to keep it from "overheating!"
If he hits the brakes too hard, he can cause skidding and crashing! If he doesn't hit 'em hard enough, he can cause "irrational exuberance!" (which makes market bubbles in the brake line) This is why too much anticipation and expectation develops around every breath he takes!!!
Fiscal and monetary policy, along with geopolitical events/trends are the most dynamic elements in our economy and the markets constantly try to anticipate shifts in these.
Too much idle chatter on financial news shows just exaserbates skittish investors that drive their investment vehicles while looking at the radiator cap, instead of down the road to the horizon!!!
63
posted on
01/29/2004 9:32:07 AM PST
by
SierraWasp
(America is our house! Throwing open the door to trespassers is wrong and everybody knows it !!!)
To: SierraWasp
What the gold index has done YTD versus the S&P 500 and DVY, the dividend stock index.
64
posted on
01/29/2004 10:16:25 AM PST
by
Grampa Dave
(GW is driving every rat in America into a deeper insanity, 24/7/365!)
To: wardaddy
I remember Carter/Volkher and the "controlled disintegration of the industrial economy." That legacy continues today.
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