SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (260771)7/14/2010 2:33:51 PM
From: Smiling BobRead Replies (3) | Respond to of 306849
 
Mkt not liking more stimulus

=DJ US Stocks Slip After Fed Minutes; DJIA Off 26

.
By Kristina Peterson and Donna Kardos Yesalavich
Of DOW JONES NEWSWIRES


NEW YORK (Dow Jones)--U.S. stocks slipped Wednesday after the U.S. Federal Reserve said further monetary stimulus measures may be needed and rolled back its economic outlook, threatening to snap a six-day winning streak.

Minutes from the last Federal Reserve meeting showed policy makers raised the possibility that new stimulus measures may be needed given the "relatively modest" worsening in the economic outlook. However, Fed board members agreed that no further accommodation was needed at the time. The Dow Jones Industrial Average dropped 26 points, or 0.2%, to 10339 after the release of the FOMC minutes, as investors digested the bleaker economic outlook.

"They're being realistic that growth expectations for the second half of the year are certainly a bit lower than they were in January or in April," said Brian Lazorishak, portfolio manager and quantitative analyst at Chase Investment Counsel. "It's no big surprise. It's pretty much what everyone was expecting."

However, he added, "it is positive that they're not seeing any pickup in inflation expectations and they're not seeing a rapid deterioration in growth."

Stocks had been trading in a narrow range Wednesday, losing earlier gains just ahead of the minutes' release. Boosting the market earlier Wednesday, a strong second-quarter report from Intel buoyed technology stocks, though financials lagged ahead of bank earnings.

Helped by tech stocks' gains, the Nasdaq edged up 0.1% to 2244, while the Standard & Poor's 500 index fell 0.3% to 1092.

Economic data continue to disappoint, underscored Wednesday by a bigger-than-expected drop in U.S. retail sales and a smaller-than-expected increase in business inventories.

The dollar weakened against both the euro and the yen. The U.S. Dollar Index, which tracks the U.S. currency against a basket of others, slid 0.3%. Demand for Treasurys advanced, with the 10-year note up, pushing the yield down to 3.06%.


-By Kristina Peterson, Dow Jones Newswires; 212-416-2917; kristina.peterson@dowjones.com


Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: djnewsplus.com. You can use this link on the day this article is published and the following day.



(END) Dow Jones Newswires

July 14, 2010 14:13 ET (18:13 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc.- - 02 13 PM EDT 07-14-10



To: DebtBomb who wrote (260771)7/14/2010 2:55:05 PM
From: Skeeter BugRead Replies (1) | Respond to of 306849
 
>>Are they intentionally trying to destroy the place?<<

absolutely.

out of chaos comes order.

an unelected, authoritarian, new world order run by bankers.

they told they were going to do this... why don't we listen?

'We are grateful to The Washington Post, The New York Times, Time Magazine, and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination [read as 'democracy'] practiced in past centuries." - David Rockefeller, 1991 Bilderberger meeting