09-18-2015, 07:01 PM
Definitely a big change in character concerning market reaction. Remember, in the past when the FED would announce the continuation of their ZIRP the market would react positively. Many times closing 1-2% higher and ultimately leading new ATH's. Essentially, "bad news (for the economy) was good news (for stocks)."
Recently, it appears sentiment has shifted. Now, bad news appears to be bad news. The FED appears to be out of ammo and losing control. They appear wishy-washy and conflicted as what appropriate action should be next.
Personally, I think we're in deep trouble. What about everyone else??
Recently, it appears sentiment has shifted. Now, bad news appears to be bad news. The FED appears to be out of ammo and losing control. They appear wishy-washy and conflicted as what appropriate action should be next.
Personally, I think we're in deep trouble. What about everyone else??