sbenard

Fed Actions Have Produced Goose Eggs

I'm not sure why everyone in the market thinks they have to PREDICT the future. What is it? Ego? Don't do that. Just give the market what it wants! One of the reasons that I like this article is that it doesn't prognosticate. It just tells the Fed record the way it is, based upon past history. The charts don't lie! Our biases and opinions do -- they often deceive us into taking market positions that hurt us based upon our opinions and biases. I have also noticed over the past several months this same pattern. Fed actions cause a short-term rally, followed by a market realization that things really are that bad, and that the Fed just can't provide a quick fix. Then, the longer-term bear calmly walks back in and starts feeding on the bulls again. When the market really turns, I'll be there. Until then, I'll continue to give the market what it wants.