Skip to comments.Stocks plunge after Fed announces stimulus steps
Posted on 09/21/2011 2:46:24 PM PDT by NormsRevenge
NEW YORK (AP) The Federal Reserve did what investors expected it said it would buy Treasury bonds to help the economy. Stocks then plunged because investors saw a grim forecast behind the Fed's plans.
The Fed said Wednesday it would buy long-term Treasurys and sell short-term ones to help the economy regain momentum. It surprised investors when it said it would include more 30-year bonds in its purchases than expected.
Financial analysts said stocks dropped as investors came to the conclusion that the Fed expects the economy to take years to recover.
"It's being viewed as perhaps an admission that this is a longer-term issue that the U.S. economy is facing and not one that's going to be solved over a couple of years," said Oliver Pursche, president of Gary Goldberg Financial Services.
The major indexes fluctuated as they often do after major Fed announcements. The losses accelerated in the last hour of trading.
(Excerpt) Read more at news.yahoo.com ...
“When the Fed decides to take this type of action, it’s because things are serious,”
TRANSLATION: This won't be solved until we get that incompetent boob out of the White House.
Let's be fair. George Bush implemented the first outlandish stimulus (and I voted for him twice, so I'm allowed to state that he had horrendous economic policies).
How to make money in the Obama stock market.
When Obummer or one of his Czars or minions is about to give a speach, short.... and then short some more. Maybe even stupid short.
.... the Fed expects the economy to take years to recover.
TRANSLATION: This won't be solved until the US Treasury begins issuing our money instead of the international banks.
We're all slaves to the bankers as long as we have debt-based money. (Note: this does not mean we need to go back to gold and silver. Fiat money is fine, as long as it is not debt-based).
TRANSLATION: This won’t be solved until we get that incompetent boob out of the White House.
This aint gettin fixed in 4 years no matter who gets elected.
Which is why his last name is now a four-letter word among conservatives/tea-partiers.
We all need to ramp up and realized it ain't just happening, it was neatly planned & managed(see Richard Wolff).
I think you are right!
I feel sorry for whoever gets elected, for he/she will be blamed forever in the history books, if we are still writing after all the dust settles...
I hate to agree with you, but you are correct. This ain’t gonna get fixed. All we can hope to do is hold the progressive agenda at bay.
There was a time such an agenda would border on treason. Now ...it is in the mainstream and elections for the next 50 years isn’t going to make it go away.
What I don’t understand is that history demonstrates that every iteration of the progressive agenda fails. Thousands if not millions are killed as it makes its progress through a culture...and yet the whole dang planet keeps going back to this idea of collective bullcrap. That is what I don’t understand. Time after time, history after history and yet it comes back...
Actually, the reason is very simple - we're insane!! We keep doing the same thing over and over and hoping (sound familiar?) for a different result (change).
Maybe someone could just chain Obammy’s leg to the golf cart. He can golf all day, every day. Less damage that way.
“Stocks then plunged because investors saw a grim forecast behind the Fed’s plans. “
Where does the AP get this analysis?
Do they poll a large number of investors and this is the concensus? Could it be rather that the stupid moves by the fed and the lack of any real measures by this administration to grow the economy that investors frequently are forced to realize that the patients are in charge of the asylum?
When GWB got talked into the $600 per person consumer stimulus giveaway the market gave up 400 points the next day. Could it be the market considered it a bonehead move to print money to stimulate the economy.
The reasons the MSM gives for investor behavior never seems to point to Obama’s deliberate sabotage. I bet Wall Street regularly reacts to actions by our Marxist-in-Chief and not the bland and deceptive causes given like jobs reports.