I think that Yellin has inferred that the fed will not suprise the market. After all, this is a virgin market to rate hikes so the fed will have to bring..........never mind. Just be gentle.
The fed will just wait until the market craters on its own - then they can raise rates without "blame."
Fed meeting and statement today only means more of the same worthless dribble from them. Another wasted day on talk about rate hikes being put off for another year....of course will hear all about the breakdown of this statement and all fresh new analysis by the talking heads who have no clue what the fed is doing because the fed has no fucking clue what they are doing either....they will lose all credibility very soon....they actually have lost it...its just that no one knows this yet...so just sit back and watch the fed make every word more dovish than the next today to keep wallstreet propped up...never worry as the fed always bows to wallstreet ....
LAST RATE HIKE 2006 ALMOST A DECADE AGO WAS THE last time the fed raised rates......think about that....everyone claims the US has the strongest economy in the world yet rates are sitting at 0%......that's how pathetic this market is....there wont be a rate hike in 2015 ..once the market starts to fall that will be their juice to psychology trick the markets since so many anticipate a rate hike in September and December ..once they push those hikes out to 2016 the market will once again feel relieved ...and the fed will have once saved the market again...
I expect the Federal Reserve to use Greece as cover to push rate hike's out to 2016. My personal thoughts are they will not raise rates past 1.00% for the next decade, Japan comes to mind. The market will love this and by the end of June...ALSO THE END OF Q2...we will be near all time highs. WHY DO YOU THINK THE FEDERAL RESERVE SCHEDULE'S MEETINGS AT THE END OF EVERY QUARTER......NOW YOU KNOW WHY... Stay long and you will make a ton of money, build your position on dips.
The so called professionals will tell you not to take large positions ahead of Federal Reserve meetings. I can tell you from experience it's the easiest money you will ever make...
Every FOMC, I turn bearish thinking this time is different, and yet every FOMC, it rallies anyway. Even if it does go down, it rallies somewhere to stop me out. Now I just stay in cash. What is the point of trading? You will do well to be long.