CNBC/Patti Domm
“Quincy Krosby, chief investment strategist at Prudential Financial, said the stock market could easily be disappointed because the Fed is unlikely to offer more clarity on monetary policy, such as plans for bond buying.”
USAGOLD note: The markets may be looking for way more than the Fed is capable of delivering …… A market that depends on monetary largesse for upward mobility is one built on a flimsy foundation. We should keep in mind that, after all is said and done and all the ballyhoo over the stock market’s strength since March, it is still down about 4% year to date – when using the broad DJIA as a measuring stick – and up only 2% over the past twelve months.
Repost from 9-11-2020
