As always, watchout for the initial knee jerk reaction after a F_E_D event, we have 2, the policy statement in 10 minutes and Bernie at 2:30, each has the chance and probability of creating a very emotional, volatile move.
I NEVER make decisions based on price movement after a F_E_D event, only after I see what the charts say because 9 of 10 times the initial move is the wrong move or transforms.
Try to stay detached and if you need a constructive outlet for the emotional stress, put it to work looking for OBJECTIVE data.
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
No comments:
Post a Comment