The Fed Barely Moves Stocks

The Fed made no changes in rates, as was expected, but it said that it expects to keep rates low until late 2014 and that it plans to be "highly accommodative," and that has generated a little chatter about further quantitative easing. The dollar is being slammed and precious metals gained on the news, which is what always happens when we see the abbreviation QE.

Unfortunately, the market is just not in very favorably technical condition right now, and that is going to make it tough to generate much momentum. Don't forget, we have Ben Bernanke's press conference in a couple of hours, so that gives traders time to contemplate the whole QE3 idea....66 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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