The Fed Statement – Side By Side (No Change – No Kidding!)
March 15, 2011 3:15 pm
The Federal Reserve has made it abundantly clear that even in the face of inflationary pressures, they are not going to take their foot off the pedal. In our opinion, investors are getting way too comfortable with the idea that the Fed will always have a net under any move down in markets.
It seems that every time the Fed speaks, markets have a knee-jerk reaction higher. Even with a nuclear meltdown or a unrest in the key oil countries, the Fed has shorts on notice….. Right?