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1.30.2015 She Said, He Said Bookmark

Yesterday (Thursday) the market gained over 220 points...mainly because Janet Yellen mentioned at a Democratic rally that rate hikes were not going to be "immediate", which got everyone thinking that maybe the Fed was going to delay hiking any interest rates this year. So they pushed the market up on that hope.  ( Isn't hope a wonderful reason for a market to rally? sheesh)
Yesterday (Thursday) the market gained over 220 points...mainly because Janet Yellen mentioned at a Democratic rally that rate hikes were not going to be "immediate", which got everyone thinking that maybe the Fed was going to delay hiking any interest rates this year. So they pushed the market up on that hope.  ( Isn't hope a wonderful reason for a market to rally? sheesh)

But today ( Friday) most of the air came out of that little rally because Fed head Bullard was quoted as saying that it would NOT be unreasonable to think a rate hike could come in June or July. So we are down 120 points in the first hour of trading.  Remember when it used to be the fundamentals of earnings and profits and expenses that drove stocks up and down? Yeah I know that was "my daddy's market" but boy I sure miss it. Now we have to play the "whack a mole" game of "hike - no hike, Hike - no hike' over and over again. It's sad, but this is what passes as economics in this day and age.

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