The U.S Federal reserve today announced that it will taper back another 10 million of asset purchases; from it’s previous 75 to 65 million USD as of todays FOMC meeting. Market Watch has more on this story here.
The Wall Street Journal’s Howard Gold writes that Investors and media need to listen less to Federal Reserve chairman Ben Bernanke. I can’t but agree; it’s ridiculous how this man’s every single Word either makes or breaks the Equity markets.
This article is well worth reading, as it shows how volatile the stock markets are and how little fundamental financials actually affect the price of a stock. Market sentiment and pack behavior are king in this World!