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So, It's No Tapering After All; Reaction Is Telling

Wednesday, September 18, 2013 - 2:53 PM

Party on Dudes. The Fed says "No Tapering". Here is a snip from the FOMC Statement





Read more at Mish's Global Economic Trend Analysis: So, It's No Tapering After All; Reaction is Telling 
2
MikeMike327 posts since
Feb 22, 2010
Rep Points: 875
1. Wednesday, September 18, 2013 - 3:21 PM
We will take it; but be careful, too much optimism is a signal to sell.
2
51hh51hh1,462 posts since
Jan 16, 2010
Rep Points: 6,352
2. Wednesday, September 18, 2013 - 4:05 PM
The FED is doing the Chinese Water Torture on Savers.  "We'll take it"   Do we have a choice?  I'll be so glad when the next chairperson takes over and we get to see if we can keep our financial heads above water or will we just drown.   Time will tell.
3
paoli2paoli21,149 posts since
Aug 10, 2011
Rep Points: 5,123
3. Wednesday, September 18, 2013 - 4:44 PM
By "We will take it', I meant the stock market one-day rally.
2
51hh51hh1,462 posts since
Jan 16, 2010
Rep Points: 6,352
4. Wednesday, September 18, 2013 - 4:57 PM
Sorry about the misunderstanding 51.  I'm not in the stock market so my mine was thinking something else.

The stock market has not had as bad a reaction to all of this as some were concerned about.  I hope your luck lasts.
2
paoli2paoli21,149 posts since
Aug 10, 2011
Rep Points: 5,123
5. Wednesday, September 18, 2013 - 5:33 PM
“I guess I’m old fashioned, but I continue to find it astonishing that the Bernanke Federal Reserve believes it is within its mandate to incite risk-taking from our savers,” says Doug Noland of Federated Investors, one of the authors behind the Credit Bubble Bulletin that for years warned of the hazards of an over-indebted economy. He fears that just as risk was mispriced when too many Americans bought homes and consumed past their means, the Fed-induced hunt for yield is pushing people to bid up all manner of debt instruments past their true value. Stay on the sidelines with your savings, and you lose.

“I feel sorry for people that have clung to fixed-dollar investments,”
- Warren Buffett told investors at Berkshire Hathaway’s annual meeting in Nebraska.
4
ShorebreakShorebreak2,381 posts since
Apr 6, 2010
Rep Points: 12,707
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