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Tag Archives: Alaska pipeline

Lean the Other Way

Investors are starting to feel comfortable about the stock market again. You can see it in the quick turnaround this afternoon when the Federal Reserve released the minutes of its August meeting. Money managers who were sitting on too much cash jumped on the Fed news as an excuse to buy.

Kudos to a Do-Nothing Fed

Good, bad or indifferent? Wall Street had a tough time making up its mind about today’s Federal Reserve vote to leave short-term interest rates unchanged at 5.25%. Stocks bounced immediately after the Fed news, then gave up all their gains and more.