January 14, 2011
By Al Yoon
“The market is resilient,” said Keith Springer, president of Springer Financial Advisors in Sacremento, California.
“You had had every ingredient to bring a decline, such as retail sales, yet it’s holding up well,” he said. “There is anticipation over more stellar earnings.”
The quantitative easing program, or “QE 2,’ is a luxury liner for the financial companies,” Springer Financial’s Springer said. “What the Fed is doing is giving them a warchest.”
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