Wednesday, September 21, 2011

Fed Spanks Stocks!

imageFed Spanks Stocks” is the title of a marketwatch column. With the big plunge in the market after Bernanke talked today, the title is right.

The Fed basically came out and restated the same problems we’ve had all year, that expectations going forward are subdued and the Fed is worried.

Hong Kong index down more than 4% as I type.

It looks like a revisit to the lows of the trading range is at hand.


No change in my positions for a long time.  Some cash, some low-beta stocks, some oil.  The QQQ and VB trades are still on, and as of last week were in the money.  But back in the red today.  Not emotional about it.

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