Dow at 13,504.30, Up 35.52 (0.26%); That is a “Bounce”?
From the AP today comes the headline “Wall Street Bounces on Fed Decision” along with this blurb:
Wall Street searched for direction Tuesday after the Federal Reserve disappointed investors by maintaining inflation fighting as its highest priority although credit has become tighter for consumers and businesses.
Questions:
1. Up 1/4 of 1% is a bounce?
2. How did Wall Street search for this “direction”?
3. Did the Fed disappoint all investors?
I understand the need to say “something”, but am I the only person who finds it funny that 26-year-old writers feed millions of people every day dribble than says absolutely nothing?
