Tag Archives: market soars when Fed says it wll continue buying bonds

Shut Up, Wall Street

Wall Street loves to bitch and moan about government interference and about how all it wants is for government to get out of its way, but it fails to walk its talk.

Consider, for example, recent suggestions that the Federal Reserve might stop its practice of aggressively buying weak bonds and taking them off the market.  Every time the Fed suggests it might stop buying the bonds, or at least slow the pace at which it buys them, the market tumbles.  Then, last week, when the Fed announced that it would continue buying bonds at the current pace, the market soared.

Yeah, Wall Street really wants government to get out of its way.

Those Wall Street people are so full of shit.