Brighter Fed forecast helps market pare losses --AP
"The market strengthened in afternoon trading as the Federal Reserve released minutes from its latest meeting, during which it pledged to keep interest rates low for the foreseeable future and said inflation remained at bay. The Fed raised its expectations for economic growth during the second half of this year, but said unemployment will remain high."
Oh, this is too funny. The Fed said inflation remains at bay. When you subtract out the results of the inflation that remains "at bay", any growth we get next year is going to flat out suck in real terms.
This is too easy. Hold gold and gold stocks in case the wizard loses control of inflation expectations and hold shorts on the markets in case the financial services herd gets tired of clicking its heels and believing in the wizard.
All subject to change of course at a moment's notice here in MoralHazard-O-Pallooza '09 (soon to be '10) depending on which direction the herd panics toward next, because there will come a time to drop the current even Steven holding pattern stance and stake a claim.
