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It's Official: FED To Continue QE

Wednesday, June 19, 2013 - 2:37 PM
Chairman Bernanke announced today that the earliest that tapering would be enacted is the end of 2013, but more than likely early to mid 2014.  The market has tanked over 100 points from the news to date.  He does, however, see economic improvement...as a whole his speech was what most expected him to say.

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5
Knudsen7Knudsen727 posts since
Apr 27, 2013
Rep Points: 117
1. Wednesday, June 19, 2013 - 2:59 PM
No surprises, market goes down as expected.
2
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,426
2. Wednesday, June 19, 2013 - 6:04 PM
I wonder if he will still be at the head of the Fed when the tapering starts. 
6
pearlbrownpearlbrown1,431 posts since
Nov 2, 2010
Rep Points: 6,249
3. Thursday, June 20, 2013 - 10:49 AM
Overly optimistic for Monday/Tuesday; now overly pessimistic for Wednesday/Thursday.

End result for the week: net zero or slghtly negative.

Savers: Do not expect anything good will come out of this financial show over the long term.  Earned interest will stay be near zero while mortgage/loan rate rocketing into the sky.

What to do:

Equity: Wait it out, this too will pass.

Savings: keep it liquid and wait for better days to come.

Life: life will go on full of excitement and enjoyment:D

Cheers.
4
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,426
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