5% of the S&P is based on Fed's QE. We have already lost 3% of it.
bogus survey by an unknown firm, this is speculation, not an official news..
Yup right at the end of the day..............now the talk will come out that the selling in light of this is way over blown...... but can they rally it into the close.......... time will tell.
for about 5 minutes that seemed to happened.
but do the math..... $20 billion per month LESS is still about $1/4 trillion LESS annually.
$1/4 trillion in a year is gonna be big bucks missing from the stock market....
unless the cash that has stayed on the sidelines
can get confident
about a market less manipulated by Fed.
(Bernanke went way way way way way over the top on QE imo.)
(but i think Obama wanted him to continue. )