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I started a thread about QE not being the only thing driving the stock market.
Ken
Which is what I commented on. Markets fall, the Fed pipes in to not worry, they will provide more support and the markets go back up
Those comments from US central banker James Bullard about a potential extension of the Fed's QE have led the S&P500 in to positive territory for the first time today.
What drove the markets back up? The Fed's comments.
THe Fed is made up of numerous people with different views. The fact ONE GUY THINKS that the end of QE should be delayed doesn't mean squat. Different members of the Fed make comments ALL THE TIME.
He's certainly welcome to his opinion, but it's JUST HIS OPINION. He's not the be-all, end-all of the Fed.
Ken
That isn't what I asked. Why should they be interjecting themselves at all? If the markets fall, they fall. There is no need for the Fed to pipe in at all.
That isn't what I asked. Why should they be interjecting themselves at all? If the markets fall, they fall. There is no need for the Fed to pipe in at all.
Tell that to HIM.
He has a right to speak his mind and voice his opinion - just like you.
The difference is, people listen to HIM because he's in a position of power and influence.
When was the last time YOUR opinion was quoted in the national press?
Which is what I commented on. Markets fall, the Fed pipes in to not worry, they will provide more support and the markets go back up
Those comments from US central banker James Bullard about a potential extension of the Fed's QE have led the S&P500 in to positive territory for the first time today.
What drove the markets back up? The Fed's comments.
Probably, but maybe not.
NO ONE really knows what drives the market day to day. Commentors simply say what they THINK drove the market - there's NO WAY to really know for sure.
The markets had fallen alot, maybe people saw bargains and jumped in.
Tell that to HIM.
He has a right to speak his mind and voice his opinion - just like you.
The difference is, people listen to HIM because he's in a position of power and influence.
When was the last time YOUR opinion was quoted in the national press?
Ken
Yes, he has the power to note that they will provide more support and thereby continue to drive the markets. That's my argument, not yours.
Probably, but maybe not.
NO ONE really knows what drives the market day to day. Commentors simply say what they THINK drove the market - there's NO WAY to really know for sure.
The markets had fallen alot, maybe people saw bargains and jumped in.
Ken
Yeah, just some amazing coincidence that happens time and again.
Yes, he has the power to note that they will provide more support and thereby continue to drive the markets. That's my argument, not yours.
HE doesn't make the decision. He's not even a member of the FOMC (which makes decisions regarding QE) so he doesn't even get a vote on whether or not to continue QE. He's just voicing his opinion. Bullard has always been pro-QE. Other members of the Fed are anti-QE. Just like us on this board, the members of the Fed have their own opinions and are rarely in complete agreement - but folks listen to ALL of them and anything they say makes the news.
Yeah, just some amazing coincidence that happens time and again.
Yeah, like people buying into the market AFTER a plunge to secure bargains - happens time and again.
There's NO WAY to know for sure WHAT caused the reversal.
NONE.
As I said, Bullard doesn't even get a VOTE in the decision on whether or not to end QE so his opinion is not really that relevant.
Ken
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