Posted on 09/20/2013 9:52:43 AM PDT by John W
Just as markets breathed a sigh of relief over the Fed's reluctance to wind down its bond-buying program, taper talk has started up again.
St. Louis Fed President James Bullard appeared earlier today on Bloomberg Television, calling the Fed's decision not to taper "borderline," and saying that data supporting a taper in October could very well occur.
By late morning, the Dow Jones Industrial Average and the S&P 500 were both in the red.
(Excerpt) Read more at fool.com ...
Connected folks just figured out a new way to mint money.
“St. Louis Fed President James Bullard appeared earlier today on Bloomberg Television,...”
The next time one of these morons opens his mouth for anything but eating or to yawn somebody needs to bust them right in the mouth!
I don’t know who disgusts me more: the idiot Fed flapping his jaws or the nervous squirrels on Wall Street who panic at the slightest noise.
TC
Well, since there is no way to control the nervous squirrels ( there are too many of them) we are back to beating the crap out of Feds running their mouth.
They are going to taper sooner than later. That’s just a fact. If I were in the stock market I would be pulling out soon. I’ve dumped all my cash in munis & rental property.
Is “taper” a new term? Why don’t they call it printing money like a waterfall?
Another point to remember is that today is Friday, and all things being equal the market will always go down on Friday.
Those that make their money a half penny at time by making many millions of trades a day have no reason to hold anything over the weekend when the market is closed, so there is a Friday dump. Day traders do the same thing.
“I’ve dumped all my cash in munis & rental property.”
Munis and rental properties in places like Detroit, Chicago, and LA should be safe bets./sarc
Bernanke is on the way out. Yellen will get the job and she’s all for letting the presses roll. The markets will digest this and we’ll be off to Dow 20,000.
Even as a Big Mac sets you back fifteen bucks.
I’m as far away from those areas as you can be. I’m pulling in 6% with my triple tax free munis & 3k in rent every month in a wealthy town.
If I paid some of my bills that way, it would be called counterfeiting.
I thought Janet Yellin was a lock now for Bernanke’s job and the money valve will be wide open forever?
Didn’t see your post but we agree 100%.
Amen to that. The Feds should just do their evil deeds and STFU.
TC
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