The Dow was up triple-digits Tuesday until the news that Germany's Angela Merkel rejected increasing the Eurozone bailout fund... In a blink the market was trading at zilch on the morning...
Then back up a hundred it went because somebody was thinking Bernanke would utter "QE3" in his post-meeting commentary...But nope, he actually said the labor market is showing improvement (oh dear) and made no utterance of a near-term dollar-weakening strategy...
Dang! Germany's screwing everything up because it's demanding fiscal responsibility from its over-bloated, spend/borrow-happy subordinates, and, the Fed's not helping when it doesn't promise momoney...
So what do you get? For the moment you get less government spending, less money printing, cheaper gas and cheaper stocks... All good things if you can think beyond the next five minutes...
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