Posted on 09/16/2013 3:25:39 AM PDT by expat_panama
Yesterday's trading leveled off:
The Big Picture Stocks Trade In Narrow Range, Digest Recent Gains 09/19/2013 06:50 PM ET - Stocks popped at the open Thursday but then retreated and settled into sideways action for most of the session. The Nasdaq rose 0.2%, while the S&P 500 fell 0.2%. The Dow Jones industrial average lost 0.3%, dragged down by UnitedHealth Group's (UNH) 3% dive. The IBD 50 inched ahead 0.2%. Volume dipped on both major exchanges. For a second straight day, ... More »
--and this morning's future's seem to signal more of the same w/ stocks flat and metals falling. Other news:
Away from DC, Obama regroups for fiscal showdowns By JOSH LEDERMAN - AP - 2 hrs 11 mins agoWASHINGTON (AP) Locked in a tug of war with lawmakers over spending and borrowing, President Barack Obama is pressing his case in America's heartland that Congress mustn't jeopardize fragile economic progress with threats of a government shutdown. (full story)JPMorgan admits fault, pays $920M in trading loss By MARCY GORDON - AP - Thu Sep 19, 6:14PM CDT WASHINGTON (AP) The financial penalty is staggering. JPMorgan Chase & Co. will pay $920 million for trading losses that shook the financial world last year. (full story)
So....Bernake, and then Yellen next, is continuing to print cyber money. Soon the FED account will total negative $4 trillion. How does all that money get into the real economy w/o worsening the yearly deficits?
Or should it be ‘How does all that money get out of the real economy and into the FED account’?
There’s a lot I don’t understand about the FED and all it’s doings. But I surely am suspicious of whatever they do.
You and Rush. Can't explain it but we know what ever it is it's bad.
Actually, it's not that hard to understand because we live in an info age and we can find out if we want. My take is that the ones that don't care about reality are the loud ones, but most people focus on reality and are happy. Though I may be wrong...
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