The Fed's stock market anxiety
The Federal Reserve is intent on keeping the stock market rolling higher, no matter the cost.
The Federal Reserve is intent on keeping the stock market rolling higher, no matter the cost.
By Joshua M. Brown, Guest blogger
The Fed doesn't like it when the stocks go down.聽 Especially when the leading GOP contender for the White House has already聽said Bernanke is gone.
And so it should come as no surprise that after a 200 point sell-off in the Dow yesterday, they're already feeding their unofficial PR spokesman, Jon Hilsenrath of the WSJ, the latest new weapons specs:
The dollar was immediately smashed on that news - and here's how the commodity markets reacted...
From MarketWatch:
The Fed is not playing games, guys, they want this market rolling higher.聽 Fight it at your own peril.