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The Fix is in: Fed Stops Stock Slide with Talk of Quantitative Easing (QE) Extension
Tuesday, October 21, 2014 9:51
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On Wednesday, stocks were hammered after economic data showed that the US and global economies were headed for a major slowdown. By mid-day, the Dow was down 460 points before clawing its way back to minus 173 points. It looked like the market was set for another triple-digit flogging on Thursday when the Fed stepped in and started talking-up an extension to QE3.
That’s all it took to ease investors jitters, stop the meltdown and send equities rocketing back into space. By the end of Friday’s session, all the markets were back in the green with the Dow logging an impressive 263 points on the day. Here’s more background from Wolf Street …. http://www.counterpunch.org
Source: http://luismmx.blogspot.com/2014/10/the-fix-is-in-fed-stops-stock-slide.html
