This just the opposite of when they were raising rates nobody listened then boom! Down came the market. The FED has been pumping liquid oxygen and hydrogen into the markets and nobody listening, why? Need an ignition source like the government cheering on the economy. Clinton was good at pumping up the economy with words. Where are the economic cheerleaders?
>>Clinton was good at pumping up the economy with words. Where are the economic cheerleaders? <<
Clinton pumped more air into the balloon that's all. We were living a dream not reality. It happens about once every generation since the beginning of man (last time was the 20s with fallout in the 30s). Seems we're doomed to repeat the same mistakes - over and over.
I hate profiting from the nature of mankind, but that's the game.
Long EMC for years until the bubble popped last fall. Sold out at 85 and shorted into the fourties and covered. Started buying back in when it broke 32. Average now is 30. I think now's a good time to buy for the long term (3-4 years), but we could see lower before higher. Those who bought 60+ will be sitting on a loss for a couple years.