Also something most of you should realize( And I think most do) is that the FED should have no role in propping up the financial markets.
But on the other hand the U.S. stock market is an important factor in preventing the U.S. economy from slipping into recession.
The average joe has been beaten down with the housing recession, home prices have tumbled, consumer confidence is very low, spending this holiday season looks to be low.
IF the Stock Market TANKS from here what would that do for the outlook on the U.S. economy???? Consumer confidence?????
The avg Joe has seen their home price decline. If the avg Joe sees their Stock portfolio tank, their 401K tank, what would that do for the U.S. economy going forward 6-24 months?Consumer confidence.