Sentiment Does Matter for the Market


Helene Meisler

 | Jun 27, 2014 | 6:13 AM EDT
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I witnessed a discussion on Thursday about sentiment in the market. This was before the market opened, so we hadn't swooned yet. Here's how the discussion went (approximately):

"Sentiment doesn't matter in the market anymore," one person said. "Why not?" the other asked. The answer, it seemed, was laid at the feet of the Fed: "with a ZIRP policy, stocks don't go down, so sentiment can stay elevated for extended periods of time."...433 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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