Words cannot express the sheer disbelief that I’ve witnessed when discussing the topic of 4 Fed rate hikes into the teeth of a cataclysmic decline. It’s literally like throwing gasoline onto a fire.
After the worst start for stocks in the history of the stock market, Janet Yellen’s Fed thought it was a good idea to march Fed Williams out there to tell everyone to fuck off and to eat the 4 rate hikes.
Eat the hikes.
The market is used to having its way with the Fed. Clearly, Yellen and her board of governors give zero fucks about the market. That could be a good thing, or bad. One thing is for certain: there are no Federal Reserve bids in the market, not by this Fed. If the worst start ever for stocks can’t bend them to the market’s will, nothing can.
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I think these guys really believe that they let the market get too inflated with an easy money policy so they feel it is their obligation to pop what they see as a bubble.
Which while bad for my portfolio makes sense in a “real” free market philosophy. Problem for the retail investor is that we are now fighting the Fed, the corporations, the insiders, etc.
THERE IS A HUGE HUGE HUGE GLOBAL BUBBLE, Fed doesn’t see it, most traders can’t see it (I guess), it is finally popping the way it should have in the end of 2014…bubbles take forever. Only hope for the world is more QE out of BoJ and ECB towards the end of the month, but that is just a bandage at best.
Thanks for the heads up.
Time to remove .. Markets Ready To Rip Higher.. from top of the page crawl.
No way Grandma Yellen gets a corner office at Citadel
teevee is suddenly overloaded with market experts LOLZ
equities always give the fed the middle finger for the first few raises
looks like Brent from Big Lebowski
2 points: 1. The Fed should have begun raising in early 2013 and have us at 2% money by now. (I bought a house in 1987 at 8.5% 30Y fixed money and it worked just fine.) 2. If our economy can’t handle money at 50 basis points (that’s ONE-HALF of ONE percent people) we are doomed anyway.
With rates at ZERO percent, what ammo does the Fed have to stimulate if we do go into a recession? We need to pressure our “Representatives” to lower taxes, reduce regulation and become pro-business rather than business bashing bastards. The Market has been inflated by the Fed. It is time to stop counting on money printing as our key “economic growth policy.”