What a change of direction.We're now 4 days away from FOMC. We've gone from a possible rate increase of 25 points, to 50 points to 25 points and currently NO RATE HIKE. As it stands, the market is telling us we're not getting one. Congratulations FED. Nicely done. As usual they allow for things to swing so far to one side that it causes sever damage. It took for banks to start collapsing before they took notice. There are more shoes getting ready to fall off. We've just skimmed the surface. Its unfortunate that Bay and Wall Street are about to get wrapped in this.
Maybe they should shut down the economy again so tons of people could lose their jobs our houses could increase 3 fold.
When something makes completely no sense, that should tell us something. Bunch of fools.