Financial Stocks Don't Believe Bernanke: Here Is Why
Submitted by inthemoneystocks on 07/11/2013 12:31 -0500
The big banks love Ben Bernanke for the free money they have had over the last few years. They have been the direct recipients of his QE policy and the companies that have benefited the most. Yet, Bernanke's dovish tone (print more money statements) yesterday has not seen the large financial stocks like JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co (NYSE:WFC) rally. While the whole market is up sharply higher, JPM and WFC are both flat to lower. Does smart money not believe Ben Bernanke? Smart money may be smarter than the stock market here and realize Ben Bernanke and the Federal Reserve will be withdrawing some of QE before the year is out. ...Continue reading here: http://bit.ly/15yPpPA
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