InvestorMind

By Ryan Vlastelica NEW YORK (Reuters) - Stocks fell for a second straight day on Tuesday after the Federal Reserve gave no hints of new stimulus measures to offset the effects of the worsening European debt crisis. Though the Fed did leave the door open to further easing next year, as it has done after recent meetings, it gave no indication it was any more inclined to provide new economic stimulus. The Fed left monetary policy on hold and said financial market turbulence posed threats to economic growth. It also characterized the U.S. economy as expanding moderately despite an apparent slowing in global growth, though it added that unemployment remains elevated and housing activity depressed. The Fed "gave the economy a very slight upgrade, but it sort of took the wind out of domestic equities, probably because some were hoping that they would hint at another (quantitative easing)-like program," said Robert Phipps, a director at Per Stirling Capital Management in Aust...

Trader Alessio Rastani goes on the BBC and says that Goldman Sachs rules the world. His interview pretty much got the BBC anchors speechless. Not exactly what they were hoping to hear. After the interview, a lot of people started saying he was a hoax (he is not) and started doing a background check on him showing that he's not rich and lives with his girlfriend who owns the house they live in. Because of his frankness, a lot of people are slamming his views pretty much calling him greedy bastard for not wanting the economy to recover.