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October 30, 2013
Watching their 401(k)s. there have been king-size inflows, a tidal wave of cash and ets. exchange rate of funds, $277 billion worth. thats the most for one year since 2000. weve still got two months to go this year, so it shows you that investors believe in their rally and putting their money where their mouths is. the other big story, the fed, ben bernanke and his team wrapping up another two-day meeting. no changes in the stimulus thats helping to keep interest rates low. there might be choo...
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Bernanke so keen to make qe-2 and possibly qe-3 happen here later this year to stop the u.s. economy sliding away from its recent growth. so fascinating reading. tells us a lot about fed thinking right now. the markets today, theyre trading higher. we have europe positive for the moment. mixed picture as far as it come to the u.s. session. but we do have numbers out of j.p. morgan around lunch time. thats going to be fascinating because we want to know how these u.s. banks are going to report. r...