And not when the hooting and hollering in the market place says something must happen or else, whatever else is. And thats how the stock market could rally today. Dow gaining 74 points. Its highest level of the year, by the way. S p advancing 5. 65 , nasdaq climbing 0. 75 , because the feds got a brain. Its not on auto pilot. Its taking the long view. And it doesnt want to be the reason why the u. S. Economy gets weak, like almost every other country on earth. Especially during an election year. With one candidate, donald trump, running against a huge part of the federal government. You dont want the fed to be added to the list of enemies that can be trashed at a whim. [ booing ] when the fed decided today that it wasnt going to adhere to the four rate hike plan for 2016 that it foolishly laid out in december, we got a nice commonsensical change of pace. While i personally think the datas gotten a bit better over the last month and hiring is better too, we finally seem to have gotten a
Easier to get a job, those jobs tend to be a lot worse and a lot lower paying than most people thought would be possible in 2016. Unless youre a Computer Science major from stanford. If only stanford took in 10 Million Students for compsci, they could raise rates with abandon. I also liked the way the fed described the economy. Its a little bit better, but Industrial Production is lousy, and the strong dollar that weve been having, its really hurt business. Frankly, thats exactly what i wanted to hear. Some recognition away from Donald Trumps jeremiahs about world trade. That if we take rates higher, were going to be creating a Playing Field that is so unlevel for exports, we might as well not even bother to try. And thats why not only did the stock market go higher, but more importantly, i think, the dollar plunged. Plunged plunged versus the euro. Right after the feds announcement. How important is a weaker greenback . Get this. I think after tonight, we can retire the super freaking
And not when the hooting and hollering in the market place says something must happen or else, whatever else is. And thats how the stock market could rally today. Dow gaining 74 points. Its highest level of the year, by the way. S p advancing 5. 65 , nasdaq climbing 0. 75 , because the feds got a brain. Its not on auto pilot. Its taking the long view. And it doesnt want to be the reason why the u. S. Economy gets weak, like almost every other country on earth. Year. With one candidate, donald trump, running against a huge part of the federal government. You dont want the fed to be added to the list of enemies that can be trashed at a whim. [ booing ] when the fed decided today that it wasnt going to adhere to the four rate hike plan for 2016 that it foolishly laid out in december, we got a nice commonsensical change of pace. While i personally think the datas gotten a bit better over the last month and hiring is better too, we finally seem to that hiring is all that matters. And what m
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