Market Direction Notes (8-23-2011): Waiting for the ‘Tooth Fairy’

Market View from the Hill

Bulls and the Tooth Fairy: Stocks finished in positive territory due to anticipation of Fed Chairman Bernanke’s introduction of additional stimulus measures to support the U.S. economy from sinking into another recession. An announcement is expected to occur by Friday when the Fed concludes its meeting at Jackson Hole, Wyoming.

The market chose to disregard Continue reading