Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
There appears to be disappointment today since Ben didn’t say “I will give you QE”. He, nor any Fed Chief, gives such comments at a Congressional hearing so I am always amazed every year when people expect that to happen.
It doesn’t feel like it since Friday’s session was up substantially but this market is down 8 of the past 9 sessions. Impossible to build any headway obviously in this environment.
Disclosure Notice
Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
