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Jan 26

Stocks get hot, and interest rates continue to remain low

bigzman Posted by: bigzman Print PDF
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Take Wednesday's news with a grain of salt.

Interest rates may not go up again until probably late 2014, all due to in the Federal Open Market Committee's words, "slow but modest economic growth...but with high unemployment."

The housing sector is going to have to bounce back big time for them to change their minds.  Luckily, one of the Federal Reserve chiefs did abstain from Wednesday's vote--so it was not unanimous.

And the expected bounce from President Obama's State of the Union address Tuesday night, it really did not happen.

Let us see how the final nine months of Campaign 2012 plays out.  All I can say at the least, there will be tons of backslapping and bickering.

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