How the Fed could ruin your summer holiday

[thenews]

Have your summer vacation all booked? Hoping to ignore your phone for a while, feeling safe in your investments and secure in the knowledge that the world's financial authorities aren't planning any surprises just yet?

Think again.

U.S. Federal Reserve Chairman Ben Bernanke made it clear in congressional testimony this week that the central bank could very well entertain a change in policy sooner than many had predicted. That would mean providing less stimulus to the economy by cutting back on its bond buying program.

The result was an unsettling bout of volatility, with Treasury yields jumping while stocks slid, as investors feared the Fed's support might start to recede.

And that means this could be a summer when investors may find the waves are not only on the beach.

read more ...

[joe blogs]

How convenient after the market makers and FED induced rally

and upto huge resistace on the longer term charts

now time for a selloff

and back to reality

[eurofreek]

WR1:
How convenient after the market makers and FED induced rally

and upto huge resistace on the longer term charts

now time for a selloff

and back to reality

If they find buyers that still have money and do not know what is it all about