but price action goes nowhere except a tight consolidation. I do note that the volume is above average on down days.
I believe the term for this is churning!
Is the purpose of the FED to prove to the world that easy credit can overcome systemic risk and the deterioration of macroeconomic fundamentals? It certainly appears that Bernanke and Yellen want to prove that all the bad assets in the financial sector can disappear into a void, government money can make a brick float, and America with its exorbitant privilege can still be the centre of world finance with a third world unemployment rate and a consumer based economy.