Fed Wednesday and the aftermathThe Feb announcements always seem to come with an aftermath of strange machinations, affecting prices of commodities such as oil and gold.
This morning, pre-market, the price of oil was driven down by over three percent and it is now drifting higher, then lower, in the proverbial gutter.
Is it fear, a conspiracy, a manipulation, a reasonable decrease in the face of a Fed-planned recession?
I don't know. I see some fear in the market. I also see some opportunities created to buy stocks that weak hands have to dump. Was that fear and opportunity created by manipulators? Who knows.
I think that these extraordinary moves will probably continue till next Tuesday and then we might see some rational levels based on market fundamentals.
In the meantime, what do I do with my fears?
cleareye.