Heh! Does that thing have a Hemi?
Funny how the Fed is now pimping themselves as the savior of the stock market. Egotistical pat on the back? Or just a primer for the Dem incumbent election year run? Justification for QE, perhaps.
This article from "Fast Money"--still can't believe they continue to use that name.
http://www.cnbc.com/id/48165921
Market Savior? Stocks Might Be 50% Lower Without Fed
Published:
Thursday, 12 Jul 2012 | 3:15 PM ET
Text Size 
By: John Melloy
Executive Producer, Fast Money & Halftime
Executive Producer, Fast Money & Halftime
A
report from the Federal Reserve Bank of New York suggests that the bulk
of equity returns for more than a decade are due to actions by the US
central bank.
 |
AP
NYSE Traders
|
Theoretically, the S&P 500 [.SPX
1349.95
15.19
(+1.14%)
]
would be more than 50 percent lower—at the 600 level—if the bullish
price action preceding Fed announcements was excluded, the study showed.
15.19
(+1.14%)
]
would be more than 50 percent lower—at the 600 level—if the bullish
price action preceding Fed announcements was excluded, the study showed.
Posted on the New York Fed’s web site Wednesday, the study sought out to explain why equities receive such a high premium over less risky assets such as bonds.
What they found was that the Federal Reserve
![[cnbc explains]](http://media.cnbc.com/i/CNBC/Sections/News_And_Analysis/_News/_CNBC_EXPLAINS/_IMAGES/CNBC_explains_icon1.gif)
has had an outsized impact on equities relative to other asset classes--------------------------------------------------------------------------------------------------
Trying to convince people that raping the currency that they have most of their savings in is actually good for you.
TLT looks tasty for a short soon.
