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Notes to myself, possibly of interest to others.
-- Bill Northlich

Tuesday, November 16, 2010

Mission accomplished - Fed success

I fail to see how the Federal Reserve has not managed (through jawboning and actual QE2 execution) to boost inflation expectations, boost asset prices, and ensure that economic growth will be spurred higher. Long-term Treasury bond prices have fallen, sending rates higher, and ... that implies higher inflation and higher economic growth...

the Fed has accomplished what they set out to do, and market participants should respect that. While this does not mean that stocks are a screaming buy at any level (in fact valuation and economic data now becomes even more important to the overall movement in equities) this does mean that traders and investors have to view positions, corrections, and asset-price movement in the overall light of higher growth expectations.
---Michael J. Zerinskas.  ...facts/stats at link

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