GREY:ANSBF - Post by User
Post by
louelon Jun 24, 2013 8:34am
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Post# 21569073
Todays action
Todays actionDon't like this new forum that much.
The Fed announcement sure had an effect on the markets. Especially Home building and related industries. I thought they may have kept their mouths shut till employment was at their target of 6.5% then start with small moves. What they have done is create uncerntainty. That is one thing markets do not like. Would have been much better to have said in Oct. we are going to begin cutting QE3 by 3 or 5 B per month or a given number per Quarter, or in accordance with economic growth. In that order the markets would adjust accordingly with a softer approach.