This a buy the dip opportunity....fed has their announcement today and no matter what they will bow to wallstreet and be even more understanding of what wallstreet wants....this market will be bright green in less than 2 hours!!!!!!!!! Fed to the rescue.
Wallstreet spin for weak earnings.....It's good news because it keeps the fed on hold or maybe even a rate cut and more QE.
Possibly and probably, although the pre-FOMC updrift pattern has been flipped on its head. It used to be one of the most reliable patterns around.
I just don't see how this market can support this valuation. Earnings will not be good. FedX is your warning to tighten up those stops. Today or next week may be the time to lighten your long exposure. Can you imagine the warning that's going to come out of Boeing.
Fed holds line on rates, says no more hikes ahead this year https://www.cnbc.com/2019/03/20/fed-leaves-rates-unchanged.html Just as I said ...fed bows to wallstreet for the millionth time!!!!! No more rate hikes.....yep...just what wallstreet wanted...and guess what no more rate hikes in 2020 and 2021, that whole talk about raising rates to 3-4% was just nonsense. Worthless gibberish out of the fed to make pretend they knew what they were doing...now all you fools will desperately be wishing rates were at 4-5-6% when the next collapse comes because the fed has nothing left but to go negative interest rates on the next economic recession....and it's funny because we hear about how great the economy is, and how stellar earnings are and how gdp is going to be 3% as wages start to increase but here is the fed keeping rates under 3%, how come? Why oh why with such a strong economy does the fed have rates on hold now under 3%??? I knew the fed wasnt going to raise rates in 2019. They are done. The next rate move is lower....