Should You Buy The Highs?
From Seeking Alpha ETFs & Portfolio Strategy stocks
September 19, 2013 - 4:30pm
By David Fabian:Yesterday the Federal Reserve gave the market exactly what it wanted by electing to forgo tapering its asset purchase program in favor of continued quantitative easing. This sent stocks, bonds, and commodities soaring as the headline was quickly absorbed by the investing public. The SPDR S&P 500 ETF (SPY) quickly climbed to new all-time highs, while the iShares 20+ Treasury Bond ETF (TLT) and SPDR Gold Shares ETF (GLD) each had one of their best days of the year.It never ceases to amaze me how swiftly the move comes right when the news hits the wires. According to Bespoke Investment Group, two-thirds of the move in the S&P 500 Index was made in the first minute after the news was released. The wealth created in the span of a few moments is almost unfathomable. Although many are probably waking up today thinking "if the Fed didn't taper, whatComplete Story »Continue reading this article »