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r3020
Senior Advisor

So did the tapering end?

Let the good times roll.

 

 

snip-

U.S. stocks surged on Tuesday, with the Dow Jones Industrial Average rising triple digits and the Nasdaq Composite turning positive for the year, as Federal Reserve Chair Janet Yellen reassured Wall Street that the Fed would continue the central bank's policy of providing monetary stimulus to bolster the economy.

"The market does not want uncertainty, and she certainly didn't deliver any surprises," said Dorothy Weaver, co-founder of Collins Capital and former chairman of the Federal Reserve Bank in Miami.

  "She hit the right notes; the theme of the day is continuity. If there were one area where she made news, it was her view that cyclical issues are still hanging over the economy, and additional Fed stimulus is likely," said Dan Greenhaus, chief global strategist at BTIG.

 

http://www.cnbc.com/id/101406871

5 Replies
Samnospam
Advisor

Re: So did the tapering end?

Rock meet hard place

BA Deere
Honored Advisor

Re: So did the tapering end?

The US is in kind of a "good place" for the time being, we have a checkbook with only $50 in checking yet we can run around town writing checks.  Because no one has thought of cashing them yet.  Smiley Happy

r3020
Senior Advisor

Re: So did the tapering end?

And now when we raise the debt ceiling it is not by a dollar amount, it is to a certain date. We have unlimited barrowing until March of 2015.

Milligan Hay - Iowa d:^)
Veteran Advisor

Re: So did the tapering end?

Yup, and our future citizens are in the crush zone. If they survive, they will curse our souls to Hell. And, rightly so.
Red Steele
Veteran Advisor

Re: So did the tapering end?

What do you expect from an adminstration where virtually every one is making house payments, despite incomes in the stratosphere?