04-09-2014, 02:33 PM
Nice pop in share prices this afternoon. Looks like the Fed minutes suggest that interest rates will stay lower for longer than people generally surmised from the last round of tea-leaf reading. It is crazy (but in a rational way, I guess?) how a lot of the market movement is about guessing policy moves rather than valuing the companies that are being bought and sold.
The underlying good news is that the economy seems to be moving in the right direction still, though slowly. I also find it reassuring that the Fed is continuing the slow taper (down to *only* 55 billion a month now) without much mayhem resulting in the markets.
The underlying good news is that the economy seems to be moving in the right direction still, though slowly. I also find it reassuring that the Fed is continuing the slow taper (down to *only* 55 billion a month now) without much mayhem resulting in the markets.