agip wrote:Janet Bernanke wrote:that's like saying Walmart controls the market because when they say sales are great the whole market rises.
Ummm, the Fed banks just met yesterday, and Yellen said that rates would not be raised until at least April. And what do you know???... a booming day!!!
Once again, 'controlling' the market.
what yellen said turned the machines' buy/sell toggle to 'buy' , that's all.
agip, you disappoint me. JB delivers a nice fat pitch across the plate and instead of knocking her(him) out of the park and back into the rabbit hole ( apologies to Lewis G ) from which she(he) emerged, you foul it off.
1) FOMC meeting was last Dec 16-17.
2) Minutes of said meeting were released yesterday AT 2 PM. All of this had been covered in FOMC statement and Yellen press conference on Dec 17. Nothing to see here, move on.
3) All US equity indexes were up from opening bell ( as were FTSE, DAX, CAC 40 ) Wed AM.
4) SP500 and DJIA were slightly lower at Wed close than at 2 PM; Rus 2000 up.
Nous Sommes Charlie.