Strong Action Makes You Wonder

Two weeks ago when Ben Bernanke commented on tapering off of bond purchases, interest rates spiked and the market sold off sharply. This morning, when news of better-than-expected jobs growth hit interest rates spiked up again, but this time the market quickly recovered after some early selling pressure.

Trading was extremely thin today, so it is tough to draw any major conclusions. But the strong action has to make you wonder if maybe the market is starting to accept the fact that rates are going to start inching up as the economy improves. Many folks question the assertion that there is any real economic improvement and there are plenty of people finding flaws in the employment news, but there are positives out there. The dovishness from the ECB and the BOE are helping as well....914 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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