Whats right for the economy when it sees fit and may or may not be patient depending on whether patience is required or warranted. The dow gained and the s p gained 2. 22 and the nasdaq. So we go back to what brought us up here profit outlooks opportunity, and most important, pentup demand. No not pentup demand for laborer sales or new homes. Pentup demand for stocks. As so many Portfolio Managers wanted to be sure the fed wasnt going to create another they know nothing moment and crash stocks lower. Yep, weve become binary again, hanging on every word from the fed, hoping and praying it wont do something stupid. While we were hoping and praying the money stacks up on the sidelines and the hedge fund and Mutual Fund Managers along with the pension Fund Managers, theyre just waiting to hear with the fed will blow it. When the fed doesnt blow it and the big bad event is over, we rally like crazy you would think that we would eventually have some faith in the fed not to do the wrong thing
Here s When Trump s Other Trials Could Begin
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Magellan to construct $335m terminal in Texas, US
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