IPFS News Link • Federal Reserve
Traders Worry That April 27 Could Derail the Bull Market
• www.cnbc.comThis change in the Fed’s communication with the markets alone is enough to give investors the jitters, but the nervousness is compounded by the anticipation of a signal by the Fed chief as to whether the quantitative easing that has fueled this bull market will continue past its stated end date in June.
“I think Bernanke wants to continue to ‘QE3,’ but the rest of the Fed does not, and if he has to admit that on the air, it could be the turn,” said Steve Cortes, founder of research firm Veracruz LLC.