Friday, July 13, 2012 - 4:54 PM

Market Savior? Stocks Might Be 50% Lower Without Fed

A report from the Federal Reserve Bank of New York suggests that the bulk of equity returns for more than a decade are due to actions by the US central bank.

Market Savior? Stocks Might Be 50% Lower Without Fed - CNBC

Shorebreak1,318 posts since
Apr 6, 2010
Rep Points: 4,988

1. Friday, July 13, 2012 - 5:57 PM

So what we all knew. The Fed is sacrificing CD savers on the alter of the Stock Market! That's great news for those who are in stocks but sooner or later what goes up comes down and they won't have a cushion of FDIC insurance to protect them. What is so cruel is that we CD purchasers are not asking for really high interest rates, I would be delirious if 3% ever returned! I guess I will never get to enjoy such delirium!

paoli2461 posts since
Aug 10, 2011
Rep Points: 1,814