DislikedEvery other action by the fed the last 6 months has failed miserably. This one will also. Plus the fed is rapidly using up its reserves, so pretty soon they will be reduced to begging for people to buy overpriced houses to prop up the economy.
Watching the japanese market last night, I knew this was coming, so I hedged my shorts right at the bottom. Now I am just waiting for the bulls to realize that once again they have run off a cliff thinking it was the stairway to heaven.Ignored