Market News

[nnuut]

Huh?

Fed will end QE next month, 'considerable time' remains

 

[tsptalk]

Huh?

Fed will end QE next month, 'considerable time' remains

QE ends but rates will stay low ...

 

[k0nkuzh0n]

I don't remember rates jumping when the previous QE's ended

 

[nnuut]

[h=1]Time to worry? Russell 2000 hits 'death cross'[/h] Robert Hum | @HumOnTheMarkets

VIDEO:

[url]http://www.cnbc.com/id/102006075
[/URL]

 

[weatherweenie]

US retail sales down 0.3% in Sept vs. 0.2% drop expected

 

[weatherweenie]

U.S. producer prices slipped 0.1 percent last month, the Labor Department said on Wednesday.

 

[Dutchy]

Futures are dropping like a big rock.... Ugly.


http://finance.yahoo.com/

 

[weatherweenie]

US weekly jobless claims total 283,000 vs. 282,000 expected

 

[burrocrat]

US weekly jobless claims total 283,000 vs. 282,000 expected

or so the politburo says.

 

[soon2retire]

On the sidelines @ 100% C - no etf's left, waiting on November!

 

[Birchtree]

I'd sit on that C fund for the next ten years.

 

[weatherweenie]

I'd sit on that C fund for the next ten years.

Only ten years?! :laugh:

 

[weatherweenie]

Fed completes the taper

 

[FireWeatherMet]

Yup, From NewsFeeders article the Fed felt that the U.S. economy has been performing well this year after a weak first quarter. Economists are forecasting the best nine-month stretch of growth since 2005-2006, with growth expected over 3%. Also Fed indicated no threat of Inflation and also said that the labor market is improving significantly, not only with 5.9% unemployment but also that under-utilization in labor resources (number of people out of job market) “is gradually diminishing.”


So much for "QE3 Destroying the Economy" by printing so much money that inflation skyrockets, economies collapse and Gold soars (see 2 year old articles below). All 3 assertions were 100% wrong. We should hear no more from those sources but read below anyway for entertainment.

As Predicted, Bernanke Launches QE3 to Help the Big Banks

Marc Faber: The Fed will destroy the world - MoneyWeek

 

[weatherweenie]

US 3Q GDP up 3.5% vs 3.0% est; weekly jobless claims total 287,000 vs 283,000 est

 

[bmneveu]

US 3Q GDP up 3.5% vs 3.0% est; weekly jobless claims total 287,000 vs 283,000 est

Wow surprisingly strong GDP number. How did the market react?

 

[weatherweenie]

Wow surprisingly strong GDP number. How did the market react?

The losses on the sp500 futures was reduced, but still showing a down open.

 

[tsptalk]

Visa's gain today is accounting for 150-points of the Dow's 114 gain as I write this. In other words it would be down 36 if Visa was flat. The S&P and Nasdaq are down.

I guess if Visa is doing well it means consumers are spending. Maybe spending money they don't have, but spending.

 

[bmneveu]

SPY had some pretty funky chart action starting at 1:20PM for about 15 minutes straight and then trading halted. Still flatlined as of this post, 2:33PM.

 

[bmneveu]

SPY had some pretty funky chart action starting at 1:20PM for about 15 minutes straight and then trading halted. Still flatlined as of this post, 2:33PM.

Here's a visual