Thursday, June 21, 2012

Midday June 21, 2012

Lately, the market has been heading up on every little bit of bad news in apparent anticipation of the Fed taking additional action to spur growth.  Yesterday, the Fed came out and said that they would extend "Operation Twist" through the end of the year, and the market is currently nose-diving.  I guess that wasn't enough, but interestingly enough, there are plenty of people that think there really isn't much else the Fed can do.  So, someone tell me, just exactly what was the market expecting?

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