8pm - US to keep interest rates near zero: However, stocks initially fell after the statement was released, possibly reflecting disappointment that the Fed did not announce another round of bond buying.
http://www.independent.ie/breaking-news/world-news/us-to-keep-interest-rates-near-zero-2844038.html
8pm - Investors brushed aside a statement by the Federal Open Market Committee that virtually ensures rock-bottom interest rates through 2013, sending the U.S. stock market plummeting once again. The Dow was almost immediately down more than 1% following the 2:15 p.m. statement after trading in positive territory throughout the day Tuesday.
Somewhere in between I click on "Market Stutters after Fed hold line on rates" which leads me to an article titled "Market Rises After Fed Holds Line On Rates"
10pm - Dow rallies after Fed statement
[broken link removed]
The problem is that there are too many people paid to report & analyse financial indicators with the lion's share of them not having a clue of the fundamentals. Is this how far the human race has come? What a waste of time.....
http://www.independent.ie/breaking-news/world-news/us-to-keep-interest-rates-near-zero-2844038.html
8pm - Investors brushed aside a statement by the Federal Open Market Committee that virtually ensures rock-bottom interest rates through 2013, sending the U.S. stock market plummeting once again. The Dow was almost immediately down more than 1% following the 2:15 p.m. statement after trading in positive territory throughout the day Tuesday.
Somewhere in between I click on "Market Stutters after Fed hold line on rates" which leads me to an article titled "Market Rises After Fed Holds Line On Rates"
10pm - Dow rallies after Fed statement
[broken link removed]
The problem is that there are too many people paid to report & analyse financial indicators with the lion's share of them not having a clue of the fundamentals. Is this how far the human race has come? What a waste of time.....