The FOMC statement explained & what now?

Wed 11Aug2010 02:11GMT

Here are two sources to help understand the the FOMC statement.

Great ‘cheat sheets’.

The Aleph Blog: Redacted Version of the August 2010 FOMC Statement


The Big Picture blog: Comparing FOMC Statements


So, what does this all mean?

I don’t want to have to write up a huge analysis, there is plenty of that around.

But the speed with which this QELite was ushered in … well if I was a fund manager I would be paying very close attention to any chatter about further QE/easing measures and taking a leaf from Mr. Soros’ book and ‘invest now, investigate later’.

No change to my main model … still pointing to a sell-off in short term (not the end of the world, maybe 50 points or so).

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s