Without Bennie printing money for them, they don't fuel the jets.
Light sweet crude for September delivery fell $2.89, or 4%, to $67.66 a barrel in electronic trading on Globex. The contract is set to end the week down more than 4%
What would be the effect of Fed's covert monetization on the stockmarket rally? In effect, the Fed injected at least some money into the usual suspects, so now they have to do something with it. And the pep talk seems to indicate they are not done yet with milking this rally: http://bloomberg.com/apps/news?pid=20601109&sid=avR3wifbUr1w
Robert Wenzel:
ReplyDeleteWhat would be the effect of Fed's covert monetization on the stockmarket rally? In effect, the Fed injected at least some money into the usual suspects, so now they have to do something with it. And the pep talk seems to indicate they are not done yet with milking this rally: http://bloomberg.com/apps/news?pid=20601109&sid=avR3wifbUr1w