October 29, 2014 Comments

On Wednesday the FED, as expected, confirmed it would end its bond buying program. There was no indication of imminent interest rate increases.

The market fell only modestly. The S&P 500 was down 0.1% but Toronto was down 0.7%.

Visa was down 1.0% but then announced earnings after the close and was up 4.2% in after hours trading. As I have said before its got monopoly characteristics. Despite the risk of regulations of its fees it is never much of a surprise when it earns more money.

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