Emini Futures Quiet Ahead Of Fed 03/12/12
March 12, 2012 at 9:02 PM Trading was lackluster again today on Wall Street ahead of a Fed rate announcement which comes tomorrow, Tuesday March 13, 2012 at 2:15pm ET. The S&P500 Emini Futures spent the day session inside a 7 point range settling below 1368. Once the Asian markets opened we saw a 7 point move on Gloex in the first hour.
We've posed this question many times on the Radio and it seems to be one that simply isn't going to go away anytime soon. What happened to the engine that once drove the world's economy? Are we naive enough to believe that our economy and markets have become so stable there is simply no price fluctuation? Or is there something else at work? Something powerful enough to keep the markets in check despite the bullishness of buyers to drive it higher or the bearishness of sellers to knock it down?
