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re: July 30-31 FOMC Minutes

Posted on 8/21/13 at 1:59 pm to
Posted by LSU0358
Member since Jan 2005
7920 posts
Posted on 8/21/13 at 1:59 pm to
quote:

Somebody out there must think the minutes are not favoring imminent "tapering" as much as some people thought from Bernanke's press conference right about the meeting.


The DJ was down 5% from its 8/2 high. Could just be a bounce before more correction. I'd love to see DJ 14,000 in the next month or so to do some buying.
Posted by LSURussian
Member since Feb 2005
127265 posts
Posted on 8/21/13 at 2:02 pm to
quote:

The DJ was down 5% from its 8/2 high. Could just be a bounce before more correction.
Possibly. But it's sure a coincidence the minutes were released and the averages all moved positive within 15 minutes after being down significantly all day.

Of course, having said that, the DJ is negative again slightly.

So, who knows?
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