Mortgage bondholders attempt to outguess Fed

By Market Blog: By David Berman Stocks barely budged after the Federal Reserve released its monetary policy statement on Wednesday, with the central bank raising its assessment of economic growth in the third quarter but failing to dangle the prospect of more stimulus.

Authored by (and originally posted at) Detlev Schlichter.com, Bubble trouble: Is there an end to endless quantitative easing?

Do you feel like you are paying too much for gasoline? At least you did not have to fill up for the Daytona 500. The special ethanol-blended fuel that NASCAR drivers put into their tanks at the race on Sunday cost more than twice the national average for regular unleaded. And at about 18 gallons per tank, that comes to about $150 a fill up in a car that gets single-digit miles per gallon!

By Value in Stock Market:There is a long standing saying in the Wall Street that traders should "sell in May and go away". According to the Stock Trader's Almanac, since 1950, $10,000 invested during the summer (May-October) is worth $6,724 today; $10,000 invested during November to April is worth $1.6 million dollars.

Longtime readers of this blog are familiar with my history with Sears Holdings (SHLD) and its predecessor, Kmart. A brief summary goes something like this.

The dollar remains on the back foot, holding close to its lowest level so far this year on a trade-weighted basis, as the prospect of further quantitative easing from the Federal Reserve kept the US currency under pressure