Jill -
Meanwhile, the slant of the news this morning is that trading was choppy yesterday, volume low, and we're still going to have more (although .25) hikes
The difference in the value of the Fed Funds futures at different points in time is a pretty good indication of what the markets are expecting. Currently, that's 1/2 point by September & another 1/2 point by December.
Ever notice when people make predictions they say, it could go this way (and lay out a scenario) but it also could go THAT way.
I've monitored one SI 'guru' for almost two years off and on now. He used to just post what he thought; no qualifications. He had a string of bad calls and got absolutely reamed by several, um, (ok, I'll be nice) 'people' who put too much faith in his calls & weren't mature enough to take responsibility for their own investments. So he started with the 'here's my prediction but it could be just the opposite' approach just so he could have a retort to them. Such is human nature.
So, ummm, whatcha supposed to do?
Use the force, Princess... |
