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Wed Feb 10, 2016 | 2:53 PM EST
Yellen - Fed not likely to reverse course on rates despite risks
WASHINGTON (Reuters) - Tightening financial conditions and uncertainty over China pose risks to the U.S. recovery, but chances are slim the Federal Reserve will reverse the rate tightening cycle it began in December, Fed Chair Janet Yellen told U.S. lawmakers on Wednesday.
This is why people like you have been burnt by the market and now full of hatred for it...
You should be a bull in a bull market and a bear in a bear market. You make it sound like anyone who is a bull will forever be a bull. I was a bull during this bull market and have made a ton of money from it. I've been in the neutral zone for awhile now, but am leaning toward this turning into a true bear market. However, until it happens, I will choose my positions very wisely. People like you love to come up with all sorts of reasons why the market should be rallying or shouldn't be rallying, in reality, all that matters is how you can make money from it. Learn that and maybe you won't be so bitter.
The Fed is raising rates because they feel the economy is on solid footing.
Why is 'the market' responding negatively to this news? I feel like I'm in some alternate world where good news is bad and bad news is good (for the stock market).
The markets feel the fed is putting to much stock in the unemployment rate and not enough weight in to the general economic condition of us and the world.
Raising rates will drain money out of the pockets of americans for higher mortgages,credit card debt ,student loans and car loans that could potentially have been spent on other goods and services since wage growth sucks.
For an economy that counts on consumer spending for 70% of gdp that is not a good thing
The Fed is raising rates because they feel the economy is on solid footing.
Why is 'the market' responding negatively to this news? I feel like I'm in some alternate world where good news is bad and bad news is good (for the stock market).
The Fed boxed themselves into a corner with too much rhetoric about raising rates. The market gave them a window a couple years back, and they blew it by not raising. Now they "had" to hike, or look really quite foolish. (not that they don't look like they are lost in any event).
Now they are raising into a slowing economy, when they should be doing exactly the opposite. The economic news is horrible, both here and abroad (Japan just went to NEGATIVE interest rates). Don't look at the jobs numbers, the Feb has already said they are unreliable (check the record). Real unemployment is in the teens, growth is anemic or less, and consumers are dead in the water (look at Xmas sales...or the lack of them).
The stock market has figured it out. And yes, we are in a bear market. No new high after the September bottom, and subsequently lower highs, and lower lows. Follow the money...and it is leaving stocks.
I don't think the question is whether we are in a bear market or not. We are. The ACWI is. Only the S&P and DJIA are yet to get there thanks to those stupid FANGs. The question is: What will make it end? And when will that occur?
If that happens most of you will likely see your income cut in half too or worse no job. This country would slide in to depression.
With 70% of gdp dependent on consumer spending do you really think folks will be spending much when they lost half their net worth.
We already almost had that happen in 2008 . If assets did not start to snap back we would have just spiraled down
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