by George Leong, Investment Contrarians:
If you don’t believe me that the stock market is addicted to the easy money flowing through the veins of the economy, then recall what happened on Tuesday.
Just like in June, when stocks were flying high, the Federal Reserve came out at its Federal Open Market Committee (FOMC) meeting talking about the need to slice down its bond buying.
This time around, Dennis Lockhart, the president of the Atlanta Federal Reserve Bank, reiterated the thoughts of the central bank after suggesting cuts to its bond-buying program could happen as early as next month’s FOMC meeting or later in the year should the economic recovery and jobs growth show signs of fragility.
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