The Week Ahead: Nerves Getting Frazzled

The confirmation of next Federal Reserve Chairperson Janet Yellen, and the attendant strong prospects for continued easy-money policies, fueled the Dow Jones Industrial Average to break through and close above the 16,000 ceiling this week. We have to remember, however, that market index comprises only 30 stocks. A far, far better measure of the stock market can be found in the S&P 500, the accepted barometer by most if not all institutional money managers, as well as myself.

The Federal Open Market Committee, in a press release regarding its most recent meeting, indicated that the domestic economy continues to expand at a "moderate pace." It says job creation has improved, but that unemployment remains elevated and inflation has been running below expected levels....663 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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