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Kass: 'Don't Fight the Fed.' How Quaint
This blog post originally appeared on RealMoney Silver on Aug. 20 at 9:11 a.m. EDT.
On Friday night, I appeared on CNBC's "Fast Money" and was asked a critical question: Why fight the Fed in maintaining a cautious market view? After all, the markets soared after the Fed eased in response to the Long Term Capital Management (LTCM) bailout in 1998.
I'll answer that question now.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
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