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Sunday, November 24, 2024

Fed Already in Panic Mode with Just a 5% Correction

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

If this was a movie script you’d laugh it off as too over the top but markets just received a dollop of “Central bank guidance” as multiple news agencies unleashed stories along with a well timed Fed “leak”.

From the DJ newswire:

*FED SOURCES: LASTING STOCK LOSS, YIELD RISE COULD BE HARMFUL

From the Hilsenrath

Essentially “dovish” signals from Bernanke were overlooked

From Reuters

The Fed’s Bullard chides Bernanke

 

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

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