Tweet
I don't know.... Maybe I'm the only one cheering...
I see much good news here.
1) The Fed is at least *starting* to look at ending its major market manipulation madness (alliterations? why not?) that created an unnatural upheaval in the markets.
2) I personally see this as part of a well-overdue market correction off of what was unreasonably high, unreasonably fast gains. Refer to #1.
3) Hopefully as the Fed continues to see the overall economy shudder back into a steady pace of growth, interest rates will also start to rise back to reasonable levels... I understand this is probably many months (if not a couple years) away still, but perhaps this is a glimmer of light at the end of the tunnel for us savers.
4) Quickly dropping markets normally mean they will drop TOO far, TOO fast. In the meantime, I'm cueing up a few ETF trades that I've been holding off on because I felt the prices were too high. Once they dip below my limit price, I'll get to snap up some cheaper shares. Woot.
Dow Sinks 353.87 (wsj.com)
Stocks fell to their biggest-one day slide of the year as anxiety mounted over the potential for the Federal Reserve to pull back its stimulus efforts. ... Worries about the Fed rattled across other markets, with gold dropping and yields on Treasury bonds marching to nearly two-year highs.
"Every fast-money [investor] wants out, and we're not seeing any [longer-term] funds saying 'we're buying this dip,' " said Matthew Cheslock, a trader with brokerage firm Virtu Financial.
Despite the upbeat view for the economy, the prospect of the Fed curtailing the bond-buying efforts that have helped the Dow and S&P 500 hit records this year has sent jitters through the market. The yield on the 10-year Treasury note, which moves inversely to its price, reached 2.419%, its highest since August 2011.
Stocks fell to their biggest-one day slide of the year as anxiety mounted over the potential for the Federal Reserve to pull back its stimulus efforts. ... Worries about the Fed rattled across other markets, with gold dropping and yields on Treasury bonds marching to nearly two-year highs.
"Every fast-money [investor] wants out, and we're not seeing any [longer-term] funds saying 'we're buying this dip,' " said Matthew Cheslock, a trader with brokerage firm Virtu Financial.
Despite the upbeat view for the economy, the prospect of the Fed curtailing the bond-buying efforts that have helped the Dow and S&P 500 hit records this year has sent jitters through the market. The yield on the 10-year Treasury note, which moves inversely to its price, reached 2.419%, its highest since August 2011.
1) The Fed is at least *starting* to look at ending its major market manipulation madness (alliterations? why not?) that created an unnatural upheaval in the markets.
2) I personally see this as part of a well-overdue market correction off of what was unreasonably high, unreasonably fast gains. Refer to #1.
3) Hopefully as the Fed continues to see the overall economy shudder back into a steady pace of growth, interest rates will also start to rise back to reasonable levels... I understand this is probably many months (if not a couple years) away still, but perhaps this is a glimmer of light at the end of the tunnel for us savers.
4) Quickly dropping markets normally mean they will drop TOO far, TOO fast. In the meantime, I'm cueing up a few ETF trades that I've been holding off on because I felt the prices were too high. Once they dip below my limit price, I'll get to snap up some cheaper shares. Woot.
.
Comment