Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Nothing more to say if you have been around for a few years. We have seen this now 40-50 times since 2008. The WSJ is writing that the Fed is “closer” to acting and the market took off from very serious losses. We were well below the 1338-1340 level, and now this news story has pushed the S&P 500 right back into that range.
Fed officials, impatient with the economy’s sluggish growth and high unemployment, are moving closer to taking new steps to spur activity and hiring.
Same stories, same headlines, just change the date.
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