Cardboard Posted October 15, 2010 Share Posted October 15, 2010 Somehow this is something new on a daily basis. A new piece of data... "BREAKING NEWS Bernanke says Fed has 'a case for further action' to stimulate economy due to high unemployment and low inflation." The results: "Standard & Poor's Depositary Re (NYSEArca: SPY) Pre-Market Real-Time: 117.98 0.52 (0.44%) 8:25AM EDT" Cardboard Link to comment Share on other sites More sharing options...
Guest broxburnboy Posted October 15, 2010 Share Posted October 15, 2010 I think this action has been widely anticipated... more QE... and the current rally in stock prices has already discounted this. Wouldn't be surprised to see a "buy on rumour, sell on news" market reaction... although they need the rally to last util Nov 4. Cheers Link to comment Share on other sites More sharing options...
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