The Fed. Is Losing If Not Already Lost Control
We witnessed a few things for the start of 2015 in the financial markets that were unlike any previous. The first three days of the new year produced the worst three-day stint in the markets – ever. A meaningless, insignificant, trivial, data point? Possibly. However, when it coincides with other noticeable factors taking place across the financial spectrum It behooves any thinking person to sit up and take notice. (Unless you’re the next scheduled appearing CNBC™ “Everything’s Awesome!” fund manager. Then it’s more like a Servpro™ tag line: Like it never even happened.)
The reason why this sell-off in conjunction with its timing raises eyebrows is its direct proximity to the release of the latest FOMC meeting and conference. Here was where markets were supposed to get their “guiding principles” for how to proceed into the new year.
What they seemed to get was nothing more than gobly goop. The all fearing word “patient” reared its supposed vampire slaying head, but instead of replacing the soothing phrase of “considerable time,” it was added too. This in-turn sent some very expensive headline reading HFT computers, along with some very expensive highly paid fund managers into a “Huh what?” state of confusion.
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