Robert Rodriguez: ALL IN!
The Dow Jones Industrial Average responded by renewing the “Risk On” trade with a 206 point rally. The Fed’s actions have raised the ante for investment professionals and other organizations where their portfolios are under invested or “under risked”. With little time remaining in this investment year, the pressure on money managers to do something has become more intense. Needless to say, these monetary intrusions are just more of the same and the Fed Chairman is trying to bludgeon the market into taking risk. The key question is, “Will it work?” In the short-run, the Fed can win. In the long-run, will there be costs or disruptions for the economy and investors from these actions?
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