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.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
