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Shares / Re: Today's Outlook
« on: August 22, 2013, 09:02:32 am »
In a nutshell nothing has changed, BB still spoon-feeding and smoothing things over, taking a very long time to accustom market to idea in hope that when it eventually starts, market will be used to it and not react too bad for too long. Fed still on course to start tapering, widely expected to start as early as September this year and ending mid 2014, pending economic outlook of course:
Bernanke:
“Almost all participants confirmed that they were broadly comfortable with the characterization of the contingent outlook for asset purchases that was presented in the June post meeting press conference and in the July monetary policy testimony.
Under that outlook, if economic conditions improved broadly as expected, the Committee would moderate the pace of its securities purchases later this year. And if economic conditions continued to develop broadly as anticipated, the Committee would reduce the pace of purchases in measured steps and conclude the purchase program around the middle of 2014.”
Initial jobless @ 14:30, VIX +6,91% @ 15.94, Asia red, IGT40 -130
Bernanke:
“Almost all participants confirmed that they were broadly comfortable with the characterization of the contingent outlook for asset purchases that was presented in the June post meeting press conference and in the July monetary policy testimony.
Under that outlook, if economic conditions improved broadly as expected, the Committee would moderate the pace of its securities purchases later this year. And if economic conditions continued to develop broadly as anticipated, the Committee would reduce the pace of purchases in measured steps and conclude the purchase program around the middle of 2014.”
Initial jobless @ 14:30, VIX +6,91% @ 15.94, Asia red, IGT40 -130
How 'bout HAR yesterday, up 20,57% in one day, wonder how much it will be down today? Gold futures down 0.09%, Asia up (Nikkei +2,27%), IGM T40 +206 atm.