Stock Watch 7.14.11 ” Real Husbands of the Federal Reserve”
Two opposite ends of the spectrum. Wednesday’s market action was all over the place. First, a rally after Fed Chief Bernanke said “The central bank would be open to new economic stimulus measures” . Then an hour later Federal Reserve Bank of Dallas President Richard Fisher said in a speech that the Fed had already “pressed the limits of monetary policy. So the market breaks. Then after hours Moody threatens to cut the US credit rating. I seen the same drama on Mob Wives. A&E should do a show about this.
Wednesdays trades CDTI +5c JVA -1.00 ANX – 7 SIFY -8 RUTH +1c
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