The Daily Dose: What Just Happened at the Fed?

Fed days have always been difficult to handicap. The insertion of the press conference feature under the Ben Bernanke regime has not made pre-and post-decision-making for clients any easier, I can tell you that much.

Comments on a digital press release jolt markets initially. Then there is a 30- minute window in which the chairman is in the back studying Mr. Market's response and tweaking his verbal attack plan for story hungry reporters. Finally, the chairman arrives on stage rocking his Jos A. Bank suit and either sets the market ablaze (a rip higher that crushes the shorts) or waves in the black clouds from out yonder (a spike lower that demoralizes the bulls)....699 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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