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Economy
In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 6 June 2012 [View all]Po_d Mainiac
(4,183 posts)12. Fregdabout 12,000 near future
Or the slide in commodities continuing.
Multiple rumors, likely originating at the FED, of more twist and easing just out. Don't be surprised when the story breaks about our friendly neighborhood fucked up Central Bank exchanging U$D's for PIIGS MBS.
The bernanks new mandate/s:
The banks must be saved. Savers (and those on fixed incomes) must continue to get cornholed.
But it will work this time, because now it's different. The FED just took delivery of genetically tailored humongeous ears of corn.
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I doubt that the elections are that much of a factor, regarding actions by the FED.
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A couple of days ago the IBEX was about 15pts away from breaking under 6,000....
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