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Markets Slide On Anxiety Over Fed Meeting Minutes

Wednesday, February 20, 2013 - 7:40 PM
From the New York Times
Stocks had their biggest decline in three months on Wednesday when an important gauge of market volatility spiked after the minutes of the Federal Reserve’s most recent meeting suggested that the central bank may slow or stop buying bonds sooner than expected.

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Perhaps the market realized that the Fed's actions may not be able to fix the economy. QE can't go on forever. The longer it lasts, the more influence the hawks should have as they are proved to be right.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
1. Wednesday, February 20, 2013 - 7:54 PM
I learned over the years that the stock market is a random process with frequent ups and downs due to recent events.  The stock market (or investors) has no rational brain as we do.  It simply responds naively and simple-mindedly in a herd manner. 

Fed's minutes' response is a one-day event; no need to put too much thoughts to analyze it.  Tomorrow will be another day, business as usual.
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
2. Wednesday, February 20, 2013 - 8:10 PM
The usual overreaction. Just a breather to take profits. Nothing out of the ordinary here.
ShorebreakShorebreak2,683 posts since
Apr 6, 2010
Rep Points: 14,546