Wall Street Faces Many Questions [AUDIO]
Stock markets reached new record all-time highs this week on news the Federal Reserve will continue bond-buying to stimulate the economy.
One expert says investors need to look farther.
And so the guessing game goes on about when Ben Bernanke and company will decide to pull the plug on the monetary life-support. But some say that will not be nearly as bad as you might think.
The Dow and S&P 500 reached records Wednesday on news so-called "Quantative Easing" would continue for now, with the government purchasing some 80-billion plus bonds-a-month.
Ken Kamen, of Mercadien Asset Management in Mercer County, advises investors the sky will not fall when the Fed finally decides to taper.
"You gotta look past the knee-jerk reaction that the market is gonna have when something is announced along the lines of tapering."
Still, there is also a lingering fear in some corners about why the Federal Reserve Board continues to do this bond-buying in the first place. They believe the economy is too weak to do without it, at least for the present.
Kamen says he is disappointed the Fed has not been more open about when this economic stimulation will draw to a close.
Stocks fell slightly again on Thursday, with the Dow Jones Industrial Average losing 40 points.