Another Federal Reserve meeting and the central bank vows to continue to print billions of dollars a month until the Unemployment rate drops to acceptable rates. Cyprus fears seem to die down as it appears Russia will protect its own and give a bailout to the small island nation. Banks will not reopen to next [...]
Bernanke Presses on with QE, but Volume Drops as Stocks Close Higher
Leading Stocks Like AAPL Get Hit Hard in Heavy Volume Selling
The wave of anti-government demonstrations moved is way into Libya over the weekend causing havoc amongst equity markets. Even better than expected Consumer Confidence figures as well as Richmond Fed Manufacturing couldn’t entice buyers to prop up the market. Heavy volume sellers were in our stock market leaders today showing institutions were dumping stocks, the [...]
Stocks Fear the Taper End Lower as Volume Swells
It was about time we saw the market close lower on heavy volume. At one point the Dow Jones Industrial Average was up more than 155 points. The market was clearly focused in on Ben Bernanke’s testimony and prepared comments then it would turn its attention to the release of the Fed’s meeting minutes. Hints [...]