wednesday or what direction oil might be heading on a minute to minute basis. both of these factors were in play again today as usual. in a deceptively quiet market with the dow ultimately just setting off four points, s&p closing essentially flat, we know all about the linkage of. but the fed, i ve got to tell you, i just head bringing this to you. i hate bringing it up because everyone else talked about it. sometimes there s no avoiding it. we know what the bulls want to hear. that the fed is now on hold, perhaps until we start to see stronger retail sales manufacturing imports. the decline in so many sectors last week was about how the fed might say or do the wrong thing. more say than do. either give us some stern language about the need for another rate hike before the end of the year, or maybe they even do shock us with an outright rate increase, something most people say is highly unlikely, but that s what worries me the most, especially because we saw declines that wo
on a minute to minute basis? both of these factors were in play again today as usual. in a deceptively quiet market with the dow ultimately selling off just four points, s&p closing essentially flat, nasdaq down 0.18%? we know all about the linkage between oil and the averages. but the fed, i ve got to tell you, i just hate bringing this to you. i hate bringing it up because everyone else talked about it. sometimes there s no avoiding it. we know t hear. that the fed is now on hold, perhaps until we start to see stronger retail sales manufacturing reports. the decline in so many sectors but tech was about how the fed might say or do the wrong thing. more say than do. either give us some stern language about the need for another rate hike before the end of the year, or maybe they even do shock us with an outright rate increase, something most people say is highly unlikely, but that s what worries me the most, especially because we saw declines that would seem to indicate other
and at the beginning of every year have to hear this ridiculous trap and every year have to come out here and debunk it. these observations tell you nothi nothing. even on a day like today where the dow closed down 17 points. s&p losinlosing.4%. this tells you nothing about tomorrow or the next month or the next year. so tiresome. but let s understand how this nonsense gets perpetrated so it doesn t mislead you. first, it s true, there are patterns to things. we like to look at the technicals, right? so to speak because they show some patterns that you can try to make money from. we accept the fact that if a company has a pattern of missing it s quarters then we shouldn t touch it until that pattern comes to an end. we totally buy into the notion that the economy tends to slow when the fed raises rates. that s a pattern you see time and again. that s called economics but these other patterns, the season ones they just don t hold up under any scrutiny. for example i heard toda
under anscrutiny. for example i hed today this very morning thabruary can be a cru month based on a buh of bad februies. today dr. stley fisher spoke at the counselhile he was s rtainly more dovish than he s been emphasizing data dependence and not the need fore hike he didn t take the rate hikes off the table buhad he done so, weid a rate hike. we should wait a consirable period until we do another because of the worldde turmoil since the last hikand then the averages would have roared gher today en ashe softer comments i wld contend did ovoke a ll that mean if today would haveeen good we wod have beenn good speorhe rt t m does tha does that mean that weld call into question as january es so the year. atou be nice january wise and however the swer is no is is a tale told an idt. siyi nothing. so why do many people pnt itut? first let s be hones many commentators escily those that haven t done their howork. i can say something. to fl her up believe me. i ve bn in the news ss
year have to hear this ridiculous trap and every year have to come out here and debunk it. these observations tell you nothing. even on a day like today where the dow closed down 17 points. s&p losing.4%. this tells you nothing about tomorrow or the next month or the next year. so tiresome. but let s understand how this nonsense gets perpetrated so it doesn t mislead you. first, it s true, there are patterns to things. we like to look at the technicals, right? so to speak because they show some patterns that you can try to make money from. we accept the fact that if a company has a pattern of missing it s quarters then we shouldn t touch it until that pattern comes to an end. we totally buy into the notion when the fed raises rates. that s a pattern you see time and again. that s called economics but these other patterns, the season ones they just don t hold up under any scrutiny. for example i heard today this very morning that february can be a cruel month based on a bunch