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Re: ///M3 post# 3483

Wednesday, 03/19/2014 9:00:31 PM

Wednesday, March 19, 2014 9:00:31 PM

Post# of 32851
I did not say Fed tapering, That is a strong word, I said FED NEWS, Affected todays near perfect sailing conditions,For ATTBF. and many others in the S&P 500,and many more.......The unease in markets "might be a sign that people think Yellen will tighten sooner rather than later, or that inflation could come into the market if the Fed keeps rates low well past 6.5 percent (unemployment)," said Wayne Kaufman, chief market analyst at Rockwell Securities in New York.

The central bank proceeded with its well-telegraphed reductions to its massive bond-buying stimulus, announcing it would cut its monthly purchases of U.S. Treasuries and mortgage-backed securities to $55 billion from $65 billion.

Minneapolis Fed President Narayana Kocherlakota dissented, saying that dropping the unemployment threshold could hurt the credibility of the Fed's commitment to return inflation to 2 percent..
.. NEWS like this makes them boys on wall street,jump around a little bit,wish I was there to see them,trying to protect their butts. And then they say, its REALLY NO BIG THING. Got to love this market or get out.