August 31, 2012 at 17:45 PM EDT
Daily ETF Roundup: Markets Tick Higher On Another QE3 “Hint”
Investors were fixated on the words of Bernanke today, as the Fed Chairman delivered his much anticipated speech at the central bank’s annual economic symposium in Jackson Hole. Prior to the speech, investors flooded the market, spurring an early morning rally. But after Bernanke indicated that the central bank will not be taking immediate actions but that they are ready to step in should the economy worsen (essentially regurgitating what he has been saying for the past several months), stocks quickly sold off. But of course the reaction was short-lived and equities quickly climbed back up since now investors are apparently satisfied with another “hint” of QE3. And with the mere notion that the central bank is keeping all of their options on the table, markets ended the volatile session on a relatively high and optimistic note [create customized ETF analysis with the ETF Analyzer]. Global Market Overview: Markets Tick Higher On Another QE3 “Hint” All three major [...] Click here to read the original article on ETFdb.com. Related Posts: Best ETF Performers Of 2010: Winners For Every ETFdb Category Daily ETF Roundup: GDXJ Strikes Gold, Coffee Sizzles Inflation-Fighting ETFs Back In Focus Playing Precious Metals Through Equity ETFs Daily ETF Roundup: Isaac Strikes, Beige Book Tells Mixed Story
Investors were fixated on the words of Bernanke today, as the Fed Chairman delivered his much anticipated speech at the central bank’s annual economic symposium in Jackson Hole. Prior to the speech, investors flooded the market, spurring an early morning rally. But after Bernanke indicated that the central bank will not be taking immediate actions but that they are ready to step in should the economy worsen (essentially regurgitating what he has been saying for the past several months), stocks quickly sold off. But of course the reaction was short-lived and equities quickly climbed back up since now investors are apparently satisfied with another “hint” of QE3. And with the mere notion that the central bank is keeping all of their options on the table, markets ended the volatile session on a relatively high and optimistic note [create customized ETF analysis with the ETF Analyzer].  Global Market Overview: Markets Tick Higher On Another QE3 “Hint” All three major [...]

Click here to read the original article on ETFdb.com.

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