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The Fed Spent $23 Billion In 3 Days, But Still Had A Hard Time Pushing Up Stocks
Thursday, August 27, 2015 20:44
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by Avery Goodman
Seeking Alpha
There was a time, pre-2007, when the Fed could move the DOW up or down by 100-200 points merely by injecting or withdrawing a few hundred million dollars. The idea of injecting a whopping $18.54 billion, in one single day, was something that would have been impossible to imagine. Times change…
On Monday, August 24, 2015, the Fed injected more than $18 billion dollars. In spite of that, the DOW dropped by 588 points, and by the end of trading on Tuesday, it was down a combined 793 points for the two days. What I am talking about? I am talking the sudden failure of the traditional methods that the Federal Reserve uses to control the behavior of millions of investors.
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Source: http://financialsurvivalnetwork.com/2015/08/the-fed-spent-23-billion-in-3-days-but-still-had-a-hard-time-pushing-up-stocks/?utm_source=rss&utm_medium=rss&utm_campaign=the-fed-spent-23-billion-in-3-days-but-still-had-a-hard-time-pushing-up-stocks
