Markets were pretty much flat today. The biggest movement came from the Nasdaq which gained a paltry 0.61% (woohoo?).
I've switched to using Think or Swim instead of Strategy Desk and the difference is like night and day. I don't know what it is, but once I got the charts set up in Think or Swim with my parameters they're just somehow easier to read and interpret. Same damn parameters, easier to see... I don't get it, but I'm going to go with what works.
No major news today. There were a couple of articles I saw today detailing how there is divergence within the Fed as to how to stop the Fed's bond-buying program. Everything from Bernanke's own comments to FOMC meeting results, however, show that Quantitative Easing (QE) should begin to taper in mid 2014.
Another article I read today is one man's opinion on how rising interest rates will hurt the housing and mortgage markets. Yeah this could happen, but rates are still historically low from where they have been, and I don't see this "hurting" so much as "slowing down a boom."
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