How many time have we seen this...Markets sell off only to have the fed save the day....they will never raise rates. This is so stupid. It's just like Japan...some of you people have no business in this market right now, your not flexible.
THIS IS FROM MAY of 2015, as you can notice in red, its the same thing that was in the minutes. Thats all she is, is a BROKEN FUCKING RECORD, thats going to be the excuse in DECEMBER 2015 when rates are still at 0% Proceeding Cautiously Yellen said the best way for the Fed to achieve its policy goals would be “by proceeding cautiously, which I expect would mean that it will be several years before the federal funds rate would be back to its normal, longer-run level.” She repeated the Fed’s two criteria for raising rates, which have been kept near zero since December 2008: “I will need to see continued improvement in labor market conditions, and I will need to be reasonably confident that inflation will move back to 2 percent over the medium term.” http://www.bloomberg.com/news/artic...course-for-2015-rate-rise-even-after-slowdown
thats right, just like Japan, thats why there will another 10 years of 0% interest rates, EVEN EVEN EVEN EVENNNNNNN if they raise rates to 1% by mid 2016 or 2% by 2017 guess what, any and I mean anyway sign of a slowdown they will cut them straight back down to 0%, thats why I predict 0% interest rates for the next 10 years, many think they will gradually raising them, they will probably do that, but any slow down and their will be an emergency meeting reducing rates right back to 0%....
Really, it's the federal reserve buying stock index futures. That's how they manipulate the stock market.
Sure we made a new low intraday, but if you will notice every time that happens, we get a massive short squeeze.