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Fed Makes it Harder for Traders: Market Pro
Fed forecasts and inflation targeting makes it harder for traders to make money, says Doug Dachille, First Principles Capital Management CEO . "The whole essence of markets is that there are differing views about what the Fed's going to do. Once the Fed tells you what they think they're going to do, there are no different opinions and markets don't move," he says. Plus, banking is going to be a difficult business with regulators asking for more capital, he adds.
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Fed Makes it Harder for Traders: Market Pro
Fed forecasts and inflation targeting makes it harder for traders to make money, says Doug Dachille, First Principles Capital Management CEO . "The whole essence of markets is that there are differing views about what the Fed's going to do. Once the Fed tells you what they think they're going to do, there are no different opinions and markets don't move," he says. Plus, banking is going to be a difficult business with regulators asking for more capital, he adds.
Date: 1/19/12
Views: 331
Video by:  CNBC
 
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