Keith Springer, President of Springer Financial Advisors in Sacramento, CA and author of Facing Goliath: How to Triumph in the Dangerous Market Ahead discusses the investors reactions to the Fed Decision as part of an expert financial analyst panel.
I need to clarify one thing in the video, the part immediately following the announcement, I misunderstood the decision to include not only “Operation Twist” but an additional $400 billion in stimulus, or a QE3. All we got was simply a restructuring of $400B worth of QE Mini-Me, which was clearly not what the market wanted. It’s very difficult when you’re live on set with only an ear piece and needing to react instantly. The lack of QE3 is troublesome.