The financial markets are full of pithy sayings. Some, like "buy low, sell high" and "more buyers than sellers" sound insightful, but ultimately tell you nothing. Others, such as "every cycle is different" and "bulls make money, bears make money, and pigs get stuck," aren't especially insightful, but they do a nice job of ensuring investor diligence. Then there are sayings that are useful rules of thumb. For example, both "buy the rumor, sell the news" and "don't fight the Fed" were decidedly apropos during the fourth quarter of 2010.
While not technically a fourth quarter event, in August, the Federal Reserve Chairman, Ben Bernanke, gave a speech at the Kansas City Federal Reserve Symposium in Jackson Hole, Wyoming where he effectively pre-announced the Fed's intention to implement a second round of quantitative easing, subsequently dubbed QE2.
Read the complete commentary
While not technically a fourth quarter event, in August, the Federal Reserve Chairman, Ben Bernanke, gave a speech at the Kansas City Federal Reserve Symposium in Jackson Hole, Wyoming where he effectively pre-announced the Fed's intention to implement a second round of quantitative easing, subsequently dubbed QE2.
Read the complete commentary
