4:40 Update
Got home around 3:10 and as it turned out there were quite a few games that looked good at 4:00 so was too busy to update this site before game times. But here I am:)
Monday there were no plays or setups. A slow day…I would rather have every day with 100 hoop games to choose from! Will have to wait until Saturday for that.
In any event at 4:00 I sent out 4 plays and 1 setup to subscribers. Its not too late to get on board. Just hit the paypal button and join the best handicapping service available! Hope to see you soon.
I was wondering if it would ever happen. After the worst 1st week ever in the history of the markets I thought it has to happen now. But nothing but more of the same. Rate hikes come hell or high water. Then after the 2nd week which continued the carnage in the markets with fortunes being wiped out I would of thought Friday it had to be. Surely Yellen would get in front of a camera and calm the markets. It didnt happen
But a strange thing did happen over the weekend. A fed Governor, Bullard, did an interview and walked back the rate hike talk citing low oil prices and no inflation! Finally some sanity although both of those were clearly present before the 1st rate hike. But the first two weeks of the year for the markets has finally unnerved the Fed. Do not expect it to last very long. The hawkish language will resume shortly but in the mean time we get a respite in the carnage.
But I have to ask this obvious question. Is this any way to run monetary policy for the largest economy in the world? On what appears to be the whim of the federal reserve. If we look at the indicators we have used in the past it would be more QE or lowering rates or even keeping them the same (the worst of the 3) But instead we get a hawkish 4 or more rates this year? Its far beyond my expertise to understand the reasons for this but the destructive element of human nature has no place in the Federal Reserve. The idea that raising rates is tied into non objective criteria is frightening. If you doubt that just take a look at the first two weeks of the year and the markets:)
Enough of my fear mongering. The markets are rosy this morning up almost 1.5% on the open. I have on a portfolio of stocks along with swing and mean reversion trades. Its important now to watch the quality of this bounce. Last week we had thursday’s bounce eras
