You must live in the present, launch yourself on every wave, find your eternity in each moment. -- Henry David Thoreau

Well, that party didn’t last long, and the hangover was on the nasty side.

Wall Street had a few days to entertain a little early-week exuberance as a couple of Fed-centric news cycles spurred the equity market towards yet another round of record highs. That exuberance, however, was severely “tapered” when a conflicting message from another Fed officer sent the market reeling towards steep losses, cutting into its midweek gains. Read more about ETF Periscope: Reactive Market Responds to Fed’s Mixed Tapering Signal

Wall Street had its ear close to the ground towards the end of last week, listening closely to the chatter emanating out of the Fed-sponsored 2013 Jackson Hole Economic Policy Symposium. One sound they surely didn’t hear was the mellifluous musings of soon-to-be-out-the-door Federal Reserve Chairman Ben Bernanke, who chose not to attend for the first time since his inaugural year way back in 2006.

It is probably a safe assumption that his name did get bandied about by those who did attend the conference, consisting of many of the world’s central bankers and officers. Read more about ETF Periscope: Jackson Hole Still Makes Noise Without Bernanke

daniel / Tag: DJIA, COMP, SPX, FDN, SOXX, FXL, SMH, QTEC, IGV, VGK Fed, BERNANKE, Jackson Hole, Larry Summers, Janet Yellen, QE3 / 0 Comments