Will the Fed Rescue the Stock Market?
Stock-Markets / Stock Markets 2015 Dec 10, 2015 - 10:56 AM GMTBy: Gary_Savage
If the Fed is going to rescue the market ahead of the FOMC meeting (they won't be able to raise interest rates unless they do) then they have two days left to repair the weekly charts. The intervention should start in earnest today. Personally I wouldn't advise trying to play the bounce as the forces trying to pull the market down are huge. This may be the first time the Fed fails to keep the market propped up.
Gary Savage
The Smart Money Tracker
Gary Savage authors the Smart Money Tracker and daily financial newsletter tracking the stock & commodity markets with special emphasis on the precious metals market.
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