Why anyone cares what Bullard says is beyond me. The guy's all over the place, he's not representative of the views of the other committee members and, most importantly, he's not a voter either this year or next.
Its amazing how shameless this jawboning is. Man, at least do it on a day when the econ numbers are not semi decent. Such blatant propping up of equities, of all things, two days in a row. wow! I hate to think I am a tin-foil-hat-wearer but its just hard to deny any more.
Never again will they ignore declining equities. That can lead to a financial crisis. This simple speak is no joke. How much of this decline would you attribute to Ebola uncertainty? Is that in a Fed model?
%%%%%%%%%%%%%% Dont know if that is in FED model or not I just read a book on FED[Creature from Jekyll Island]; same time , book Panic of 1907[pre FED]..... Panic of 1907 did have FED or FDIC insurance. Probably not much downtrend because of disease, but ACA could really kill the retail health care, but they probably will rid US of that waster. I like good SPY,QQQ Uptrends, but this one is really, really old.May get older in 4th quarter, usually strong seasonals. [a] AIG BAC, [c] C sector look like the polar bears could smack them down anytime , not a prediction
They will keep QE running and interest rates at zero %%%. There is absolutely no way possible this market could handle rates with anything above .50% And QE going byebye. QE4 is coming ... Only way to keep markets propped Free trillions and zero interest rates...
It looks increasingly to me that the Fed, the PPT, the banks, someone is buying the stockmarket to prop it up. Now come on look at the current rally !
Amazing how utterly clueless you remain over several years. Do you even understand what "QE" was ? It was NOT buying stocks. The only stocks the government bought were failing businesses like GM in 2009. In fact, the governments in Canada have since sold off some if not all of their stock since then. The whole concept of a "propped up" market is something only conspiracy theorists and generally deranged people feed into. You were told clearly several years ago that markets had to go up because companies were far too profitable at that time to justify their depressed stock prices. But facts could never dent your delusions of course, you'd rather ramble on about QE and PPT along with the other loons on here. So you missed a chance to profit on a great bull market. So after the market rallies for 5 years, you suddenly pop back on here and start posting your stupid ideas again. Too late buddy, you miscalled and misplayed a huge bull market. There is NO POINT in your silly theories. ps You've been bearish on markets here since early 2009 and said we could buy the S&P at the 1000 level any time we want for 10 years. You said we'd test the 2008/2009 lows again and that we'd still be in a nonstop recession.
There remains faith in the fed. How man times have we seen bureaucracies exposed as incompetent when finally tested. Hardly any individual or agency is capable to respond to crisis effectively. Denial and unpreparedness rule. But, the fed did eventually respond to crisis , albeit late, strongly and continuously since 2008. That is rare in this world. You can disagree all you want but that alone is commendable. Now still, a fed mouthpeice can jaw the markets violently. Seems somewhat arrogant and a little to sure of themselves but when you can do that then, why not. Faith in the fed to support, reverse and extend this bull market remains strong. Some may say the day the fed cant support the price of the stock market will come. Does anyone have any doubt they will target 2% moving forward from here as job #1 I do believe eventually they will have broke sumpin that needs fixin and it will be a shock to the system. But to what degree? I think it will be a recoverable error and the fed will remain the shining pillar of capitalism.