CNBC Mad Money October 30, 2013
And thats what we saw today when the market plummeted the Federal Reserve says it has to keep buying bonds because the economy is still not Strong Enough to generate enough jobs without Interest Rates staying lower than they might otherwise be. The stock markets retreat and the dow gave up 62 points. The s p dropped 4. 9 , and the nasdaq declined. 55 and can clearly be laid right at the feds feet. Thats because until the fed releases the down beat statement crafted after the monthly meeting the average is pretty much even keel and after a moments hesitation. The sellers sell, sell, sell. Overw...