Janet “Aunt Bea” Yellen, the world’s central banker, stood pat on rates yesterday. The market went lower. More uncertainty now through Christmas. Yellen was swayed by LaGarde and the IMF, as well as the Commies in China. Lest we not forget those submerging markets that are on the verge of collapse. Things are swell, good times.
Futures are getting hammered here. I thought a dovey fed was good for stocks? Not when we’re painting over more deep seeded issues I guess.
Strap in, things are about to get bat shit crazy.