What If This Is As Good As It Gets For The Stock Market?
By Eric Parnell:Have we finally reached the end of the line for stocks in the current cycle? After over three years of unprecedentedly aggressive monetary policy injections, is this as good as it gets for the stock market? The events of the past week raise concerns that we may be soon approaching the point where the stock market may finally no longer meaningfully respond to further stimulus.Two notable events came to pass in the past week in support of this possibility.The most significant one came from the Fed. In what has become a far too predictable occurrence, the Fed offered up yet another policy response to try and jump start the economy and markets. Less than six months after announcing that interest rates would remain at 0% until mid-2013, the Fed emerged from their latest two-day session with an extension of this commitment by another year and a half throughComplete Story »