Today’s Fed Statement:
Will Bad News Ever Stop Being Good News?
Posted on: Wednesday, December 12th, 2012
After reading today’s FOMC Statement, I’m asking myself “when does Bad News (the Fed is clearly very worried about the future prospects for the US economy, particularly employment) stop being Good News? (so far the SPX has risen by 7 points, post-Statement)”.
If and when this ever happens, the complexion of this market could change for the worse in a hurry.
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