Friday’s market closed with the Dow eking up to a new record high of 17,279. Transports were down 43 and obviously did not confirm the new record high in the Dow. To those who believe the market will remain range-bound in a high area, I recommend physical silver and gold and CEF. And for the adventurous, I recommend W.R. Berkley (WRB), an interesting insurance stock that may be a mini-Berkshire Hathaway.
As for the Fed, it appears we will have zero interest rates well into 2015. The Fed is of the opinion that the US economy can sustain itself without QE. The Fed will experiment (so they say) by omitting QE by October.
Can a group of men that call themselves the Federal Reserve outthink the forces of supply and demand? The great experiment is in action. We await the outcome with bated breath.
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