I bet Tom Lee was never mentioned in a headline with the Fed. Consider this a bucket list item for him.
First on Clown Lee.
Now on the Fed.
This from Cramer now.
“If the Fed moves in December, you’ll wish you sold at these prices,” Cramer said on “Squawk Box.” “There’s nothing good here.”
Agreed? I do. Bad opens like this sometimes cause a capitulation bottom. But words cannot express how important it is for Goldman Sachs, errr, the market, that the Fed halt hiking rates.
If the Fed hikes in December, markets die. Trump gets kicked into manhole. If Fed pauses, TLT shoots higher. Actually, I think the market will lift TLT regardless. The point I am trying to make is the days of the dot plot are soon coming to an end. Bonds are cheap and my $TMF is gonna lift today.Twitter