When Everyone Sees It, That's Your Exit Sign
Over the weekend, as I contemplated the almost sports-less month of February looming ahead, I spent some time talking to friends and associates around the country. One of the hottest topics was the Fed's decision to maintain a zero interest rate policy (ZIRP) though 2014. Incredibly, I read an article saying that, when the full Fed board was surveyed, 11 of the 17 governors thought 2015 was a better target than 2014.
The Federal Reserve's action and subsequent statements do not jibe with the talk I hear of a slowly developing economic recovery. Of even more importance is that, over the past two years, we have learned that ZIRP is very good for stocks. It provides a reason to buy the dip and invest in dividend-paying names....607 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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