Reality will set in April as Fed may not perform Quantitative Easing 3

Posted: April 1, 2011 in Finance, Stock Market, USA
Tags: , , , , , , , , , ,

 

Traders Worry That April 27 Could Derail the Bull Market

By: John Melloy
Executive Producer, Fast Money
//
// <![CDATA[This change in the Fed’s communication with the markets alone is enough to give investors the jitters, but the nervousness is compounded by the anticipation of a signal by the Fed chief as to whether the quantitative easing that has fueled this bull market will continue past its stated end date in June.

“I think Bernanke wants to continue to ‘QE3,’ but the rest of the Fed does not, and if he has to admit that on the air, it could be the turn,” said Steve Cortes, founder of research firm Veracruz LLC.

Stocks flirted with a new bull market high on Thursday as the first quarter came to a close. Two weeks ago U.S. stocks looked like they were headed for a correction as turmoil in the Middle East, the earthquake in Japan and weak consumer and employment data in the U.S. combined to bring the bears out in force.

Rest of story:

http://www.cnbc.com/id/42362299

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