SIX PIECES OF NEWS THAT SIGNAL CAUTION $ORCL $FDX $GLD $SLV $CAT $CTAS $WSM $LEN $SPY $QQQ
Wednesday brought us six pieces of news that makes us reflect on the strength in the stock market. Bernanke’s emphasis on cost We have always paid close attention to every word Bernanke utters. Wednesday’s press conference was unusual, in that Bernanke had more emphasis on the cost of the easy monetary policy. Our interpretation is that QE is likely to taper down sooner than what is generally expected. In the long-term this is not good news for gold GLD and silver SLV . However, it is important to note that in the very short-term, the banking situation in Cyprus is supportive of gold. Caterpillar