If you think way, way back to a few weeks ago, you will recall that once the “taper cat” was let out of the bag, the market fell hard and it fell quickly. Markets tend to fall much faster than they rise, so all the excitement was really over in just a couple of days. And it's taken the past couple of weeks -- with the bulls laughing and taunting on every uptick -- to retrace the drop.
'Minute(s)' By Minute
Well, we’re back to the “pre-Bernanke” level, now, as if the whole taper-press-conference thing never happened. Wednesday's U.S. markets should be interesting to watch as, two hours before the close, the minutes from last month’s Fed meeting will be released. We’ll get to see if traders genuinely don't care about the taper, or if they are magically reminded of what was said last month and freak out all over again.
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Doin' The Bernanke Bear Retracement
Published 07/09/2013, 01:52 PM
Updated 07/09/2023, 06:31 AM
Doin' The Bernanke Bear Retracement
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