DJIA
Posted on 05/22/2013 11:19:31 AM PDT by blam
Edited on 05/22/2013 11:26:55 AM PDT by Admin Moderator. [history]
UPDATE: The minutes from the Federal Reserve's April 30-May 1 FOMC meeting on monetary policy are out.
The main headline: many on the Committee said more progress is needed before tapering back any bond purchases under the Fed's quantitative easing program.
(Excerpt) Read more at businessinsider.com ...
DJIA
DOW will rebound.
Fed self painted into corner. End QE, economy collapses with extreme speed.
It`s QE/ZIRP to infinity.
I am reminded of the last time I was in Italy, where the standing joke was it would be cheaper to wipe one’s posterior with a 500 Lira note than to purchase toilet paper in the train station .....
Interesting how “news” is “spun”. CNBC’s headline:
Fed Minutes: Members Mull Tapering as Soon as June
>> End QE, economy collapses with extreme speed.
Yeah, in their panic to reinflate the bubble they kinda sorta forgot to figure out an end game.
>> It`s QE/ZIRP to infinity.
You mispeled “inflationary”. :-)
Hopefully this will trigger a healthy pullback before another run higher.
I also think this gov’t will want the market higher to temper down the angst from the IRS/Benghazi/et al scandals. IOW, the backstop for the market is alive and well for now.
or to put it another way, if we slow down this treadmill our legs will go out from under us and we’ll go flying bass-ackwards into the wall.
This is criminal.
I am a mortgage lender. Have had 2 rate increases in the past hour and a half come through.
Ugly day for rates so far.
DJIA closes down 84.
Bernanke said one this morning which was positive; then the Fed minutes were relaeased later which indicated something the opposite.
Bernanke said something this morning which was positive; then the Fed minutes were relaeased later which indicated something the opposite was being dicussed by other Fed members.
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