The Day Ahead: The Cold Water Has Been Thrown
Well, it looks as though the fogies at the Federal Reserve have returned as impediments to a roaring bull market -- one that was supposed to have strong and sturdy legs and super attractive valuations. But wait, weren't the comments from Chairman Ben Bernanke and Mega Dove Charlie Evans (Chicago Fed president) actually welcome news? After all, they seemed to support aggressive monetary stimulus for as far as the eye could see. That's the message the white-collar-rocking finance dudes are selling. I, on the other hand, have summarized their comments as such:
economic slack + economic slack + fiscal drag = no goodie for steroid-filled market expectations....528 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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