We had a rally, then it vanished. It left because the statement wasn’t enough to ease markets concerns. More to that point, Yellen refused a press conference and the market won’t hear from her until 2/10.
The Fed stuck to its projection that the pace of price gains will rise to 2 percent over the medium term but stated that inflation “is expected to remain low in the near term, in part because of the further declines in energy prices.”
Nevertheless, the market might want to run anyway–hoping what they saw from Yellen was simply a miscommunication. She’s really gonna watch world developments and in no way gonna hike rates. Right?
We shall see.
If you enjoy the content at iBankCoin, please follow us on Twitter
The first move is always a headfake. Especially when lower. January markups will commence shortly.
50 NASDAQS
This was a masterful statement and we will see evidence of this tomorrow, as well as Friday.
And Monday and Tuesday too.
The manipulation is no longer on your side. (and it’s playing lots of tricks) That’s what I said Longtimeago. The pavlov patterns you got so favored with were not going to continue Forever. (and you most likely would not initially detect they were reversed on you)
oil is up and the market is down LOLZ
The fed is nothing but a bunch of thumb-twiddling jackasses that don’t have a clue about interest rates…or anything else. Additionally, the regional governor concept is just another facet of the propaganda apparatus; they are otherwise quite useless.
Again so misguided, the only only-result of the zirp/nirp action to begin with was frailty and destruction. blaming the fed is correct but it’s the POLICY not the PEOPLE. that why you are all DUNDERHEADS
oooo fuck ya boys
rally time
http://i.imgur.com/BnROqV5.jpg
something has definitely changed because the market always went higher every time she farted/puked/wheezed/whatever before.
The one bullish thing I can find in the statement is this new addition:
“The Committee is closely monitoring global economic and financial developments and is assessing their implications for the labor market and inflation, and for the balance of risks to the outlook.”
Yellen disappointing is an oxy-moron