Why hasn't the stock market moved higher more forcefully? Look at the up and down gyrations following the Fed move. Isn't this decision engineered to send stocks into the stratosphere? This is worrisome to me that stock index futures haven't shown greater enthusiasm for this "anything goes" and "whatever it takes" approach by the Fed. At this writing, one hour following the Fed's decision, the Dow is only about 100 points higher, and it is no higher than it was 1 minute following the Fed announcement. The reaction should have been just as parabolic as the foreign currencies were. This is very troubling indeed. It doesn't feel right to me. Tuesday, December 16, 2008
Stocks Move Higher, But...
Why hasn't the stock market moved higher more forcefully? Look at the up and down gyrations following the Fed move. Isn't this decision engineered to send stocks into the stratosphere? This is worrisome to me that stock index futures haven't shown greater enthusiasm for this "anything goes" and "whatever it takes" approach by the Fed. At this writing, one hour following the Fed's decision, the Dow is only about 100 points higher, and it is no higher than it was 1 minute following the Fed announcement. The reaction should have been just as parabolic as the foreign currencies were. This is very troubling indeed. It doesn't feel right to me. 
