I wasn’t able to blog at full speed today, to discuss the Fed minutes and how they portend to higher stock prices. Essentially, the Federal Reserve has ceded their inane policy of higher interest rates, bowing down to market forces–as they should be.
Rates will go higher, mind you, when the markets are good and ready.
This, of course, bodes well for equity and commodity longs, as a periods of extended accommodation might be in the balance. However, after the euphoria wears off, the hard data of the milquetoast varietal will begin to rear its ugly head again–causing prices to decline. By my vantage point, this should begin to take shape around May of 2016, giving the lot of you several months of respite.
Enjoy it.
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as both a miser and pleb i bought some super cruddy TVIX down 8 %. i can’t be running around nekkid.
Good for the Fed. They may be slow learners, but they are getting a clue finally. Better late than never.
That makes no sense frog. They voted for 80months (or 90) (or whatever) to reduce or hold rates.
They are operating from a trapped position on raising, not raising, pretending to raise. Etc
Of course it makes sense. They are stopping their tone deafness, as Fly notes. Maybe they all got hearing aids or something. So now they are suddenly able to hear the world economy and can tell that it doesn’t sound like it needs any rate hikes right now.
you’re missing the history. the context. and misperceiving their competency with the quagmire theyre in
underlying conditions only get worse-r on every recent bump attempt
the emperor and the-entire fed have no clothes
stock market bump solves
nothing
Bears have been saying that for decades. They have imagined that every correction that occurs in the stocked market is a permanent everlasting Bear market. Just like Mr. Devil Dog says.
http://ibankcoin.com/flyblog/2016/02/03/the-rationale-behind-negative-rates/
But so far, they have been wrong.
That technical analyst guru you posted a video of a few days back reckons end of March for the deballing to begin.