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Insiders Club - 3.19.2015 Bookmark

3.19.2015

Good morning all, welcome to the day after Yellen....

You all know what happened yesterday. Yellen removed the word patience from the Fed's statement, and then tripped over herself blathering about how they're in no hurry to hike rates and they're going to be all manner of data dependent.  The Street looked at how blatantly she was accommodating stock prices and decided that "she's on our side" and "boom" up we went.

It is almost poetic that the market was screaming higher, when we've now had something like 50 out of 59 economic reports miss their respective estimates. It just goes to show you how terribly addicted to free money we are.

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