All time High
‘All time high’ is the word that we are hearing frequently for the past couple of months and there always a new all time high, right after another. Yes, the U.S stock market is currently testing another record high level of 1790 where its next target might be 1800 provided it manages to move above 1795. It is all because of the continuous flow of monetary easing in the U.S economy by the Federal Reserve, which they are not backing out at least for now.
The to-be-appointed chairman of Federal Reserve, Janet Yellen, reiterated her remarks on the economy yesterday as well where she sees a greater room for improvement and that could come by continuing the $85 billion bond buying plan at least until March 2014.