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07:51 PM
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Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Revbo™:MV8xNjg5NDcwXzI3OTM4OTMyXzQwNTA3MEI5] [quote:Punk-A$$ets:MV8xNjg5NDcwXzI3OTM3Njk5XzdFNTIxNkQw] I was in the Kohls store today on my biyearly 1/2 hour shopping spree. There was no shortage of shoppers there. None of these folks looked as if they gave a rats ass about any potential currency crisis. I'll bet not one of them would have a clue as to what QE is. [/quote] Hell, I know five accountants, and not a single one knew what it was until I told them. [/quote]
Original Message
At the end of the Federal Reserve’s two-day meeting, Chairman Ben Bernanke probably won’t come to the market’s rescue by announcing any new policy initiatives and may even aid a further decline with a significant downgrade of the central bank’s official economic outlook, investors said.
[
link to www.cnbc.com
]
Edit: 11/2/2011
Market opens higher this morning on hopes the FED will perform a miracle to negate the EU slippage & jump start the stagnant US economy. Will it work??
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