What I Am Buying Today.

[fenders53]

(01-26-2022, 03:46 PM)cemanuel Wrote:

(01-26-2022, 03:20 PM)stockguru Wrote: Powell screwed it up, once again

He must be short the market. Wouldn’t surprise me one bit ??

What did he do? I didn't see anything in the quoted comments that should cause any angst. Though I didn't see one of his favorite phrases either - "measured response."

Unless the market thought he downplayed inflation too much.

His mistake was ignoring inflation 9 months ago.  He should have made us mad by tightening then.  Investors would have bashed him either way.  Politics are involved.  Slow the economy down and you are hated.  Rates will rise next meeting as expected unless inflation magically goes away.