Investors Sell Bank Shares Ahead of the Fed’s Statement
Source: New York Times - August 12, 2009
August 2009
Maxwell Bublitz, Chief Strategist of SCM Advisors, was quoted in an article commenting on the effect of anticipating moves by the Fed.
Quoted from the New York Times:
Moreover, traders often become jittery when the Fed policy makers meet to discuss interest rates.
"It’s pretty clear that a lot of people are pulling back any bets pending what is going to happen with the Fed,” said Max Bublitz, chief strategist at SCM Advisors in San Francisco.
nytimes.com