What Matters to Stocks (Hint: It's Not the Fed)

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The Fed is now in the business of mistreating true "conservatives" (again.)
It's hardly fair to seniors who need to get more than 3% on their bank CD's---that the Fed prints the darn money from thin air so they can loan it in at 1% to banks which will loan much of it out on credit cards from 10% to 30%.
Interest rates are already too low and have been for years. This has been much of the reason for boom/bust in housing and lending.
Even the stock market isn't excited about lower rates---because the market does not need them.

of 5:08PM October 29, 2008