Steven Pressman, Colorado State University and Wesley Widmaier, Griffith University However, Mexico's economy has been a
Why do we worry so much about what the Fed will do? And is there anything we can learn from this?
This is what I mean when we are having discussions in chat and I point out to our Members (who are almost certainly in the
It's the Senate confirmation fight nobody's talking about.
60 points. That's the difference between where the S&P was Tuesday morning, when I warned "The Joke's on You if You are Buying this Rally" and where we are now.
It has been so long since the Federal Reserve has raised interest rates in the US that Banks and Brokerage houses are having seminars for their workers to help them understand the repercussions of a rising rate environment.
We caught a very quick ride down to 1,175 where the profit on two contracts was $2,500 on /TF and $2,000 on /YM and I sent out another tweet at 3:30 noting we called for taking the quick gains off the table - making $2,500 in 25 minutes - nice work if you can get it.
This stuff isn't complicated folks, we read the news and, when we think we know what's going to happen next AND we can see an opportunity to make a nice trade to take advantage of it -- we go for it.
Given market action over the last few days, there are plenty of market analysts who say the Fed will now be forced to hold off on tightening, perhaps even out until 2016. While there is some logic to this, the Fed's mandate does not mention anything about reacting to the market.
A market in transition can mean only one thing in our current environment. A potential top and the beginning of a bear market or longer-term correction.
"We were seriously behind the curve in terms of economic growth and the financial situation," then-Fed Chairman Ben Bernanke
The recent conclave of the Fed's FOMC (Federal Open Market Committee) that met and rendered a decision has sent the Dow Jones