Dow still on a long term downward trend...the US economy will be poor soon...what option do they have...must turn on that money printing machine!
When the DOW goes above 12500, i will be confident to invest for the longterm. When this recent news gets absorbed and digested, the doom & gloom will come back for the next leg down when fundamentals like unemployment, cpi, gdp, etc. show the US economy is really in the poo and will take TIME to recover (we are talking in the one to two years here). They say a market can tumble quickly and rise slowly (usually a ratio of 3:1) as confidence is diminished and takes time to build confidence back
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