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The market plummeting instantly and the fed slowed down the bond buying . Some of the allegedly intelligent people have been yelling this from the rooftops for years and ive accepted it as conventional wisdom. Why did stocks rally beautifully on the news . That the fed is starting to cut back on all of that bond buying. The dow soaring, and the nasdaq jumping 1. 15 , simple. The fed knew what it was doing. Because ben bernanke knows what hes doing. Because in this case, the one rare case we are a part of the government than the people who trade stocks and bonds for a living. We might have to endure endless attacks from ben bernanke and the president and the policies that hurt growth. We can digest the endless slagging for creating balloons and the disciplines that so many idea logs, dogmatically think are right. However, in the end, though, and today is the end, the last meeting of the ben bernanke era, he got it right. It was the critics who got it wrong. With this rally in the face o ....
The stage is set for him to run for president in 2016. Dont forget about the continuing obamacare disaster. Todays problem comes from the Insurance Companies on the federal exchange. They say the administration is forcing them to retroactively cover people wo dont sign up in time, and they may not be able to make it happen. A day after these angry tech ceos complained to president obamas face about nsa snooping, it now look like some changes are already in the works. All those stories and much more coming up in the kudlow report, beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. We live here at 7 00 p. M. Eastern, 4 00 p. M. Pacific. The fed taper and soaring stock market. Here is our very own steve liesman. Good evening, larry. Federal reserve essentially tea at least steps. a billion the treasuries. Second, announcing a schedule for tapering. About an even 10 billion monthly or every d ....