released tomorrow. Will this be the meeting in which the Fed discovers a magical liquidity elixir to cure what ails us? Most likely not, according to John Nyaradi (pronounced “Nyaradi”), publisher of Wall Street Sector Selector.
Taking charge of fixing the economy has been a bit of a “game of hot potato,” according to Nyaradi. Despite no particular help from the Treasury, Executive, Congress, or even the Judicial branches of government, the Fed has done yeoman’s work, while almost desperately calling for help. Nyaradi says the Fed has “been very aggressive pulling out all the bazookas.” Sadly we “haven’t seen any results and I don’t think we’re going to.”
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Related ETFs: (NYSE:SEF), (NYSE:EUO), (NYSE:EFZ), (NYSE:IAU), (NYSE:GLD)