Looking Precarious Out There
This market really does not like good news. One day after the Federal Reserve announced "QE Forever" -- that is, the third round of quantitative easing -- the S&P 500 made a high at 1475. Then the good news got sold, with the S&P correcting by nearly 3%. This past Friday we saw a seemingly good employment number, and once again the news got sold.
I was reminded of this as I looked at the action in the Russell 2000. Do you realize that the index is now trading lower than it was the day before the Fed announcement? On Sept. 12 the Russell closed at 845, and this past Friday it closed at 842. Someone please remind me again how QE forces folks to buy stocks?...478 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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