Did Wall Street Overreact to the Fed?
The following video is from Wednesday's Investor Beat, in which host Chris Hill and Motley Fool analysts Bryan White and Matthew Argersinger take a sharp look at some of the biggest investing stories of the day.
At 2 this afternoon, the Federal Reserve announced that economic conditions were still too weak and that it would be continuing its quantitative easing program, buying $85 billion in bonds each month. Previous announcements this year that QE would be continuing saw the market rise, but today's announcement resulted in a market pullback on the news. In the lead story on today's Investor Beat, Matt and Bryan discuss why the market might not have liked the news this time and when they would like to see quantitative easing come to an end.
More Foolish insight
The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.
The article Did Wall Street Overreact to the Fed? originally appeared on Fool.com.
Fool contributor Bryan White, Chris Hill, and Matthew Argersinger have no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.