I don't know why I did it, it's my fault, but I was flicking through some of the channels I like, History, Nat Geo, etc and I hit CNBC, and you know I NEVER listen to CNBC, but the moderator has a bunch of traders sitting around and asked, "Your high flyers? Hold them or Fold them?"
The first answer? "I think yesterday was the day to sell them".
Are you kidding me?
I don't know what CNBC was saying yesterday, but I have to bet that it was, SPX and DOW at 5 year highs!!! Buy, buy, buy!!!
Oh my, I need to put the children's block on that channel.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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