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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 ....
We were supposed to be in a panic selloff mode, right . The market plummeting instantly and the fed slowed down the bond buying . So many 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 one case, the one rare case we have a part of the government smarter 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 of this outgoing fed chief for creating balloons and the disciplines that so many ideologues dogmatically think are right. However, in the end, though, and today is the end, the last meeting of the ben bernan ....