CNBC Mad Money December 19, 2013
We were supposed to be in a panic selloff mode, right . The market plummeting instantly and the fed slowed down the bond buying . So many allegedly intelligent people have been yelling this from the rooftops for years and ive accepted it as conventional wisdom. Why did stocks rally beautifully on the news that the fed is starting to cut back on all of that bond buying . The dow soaring, and the nasdaq jumping 1. 15 , simple. The fed knew what it was doing. Because ben bernanke knows what hes doing. Because in this one case, the one rare case we have a part of the government smarter than the pe...
Source: archive.org
