Dale, for the past 2 years, the EXACT same thing has happened after the FOMC decision. Markets head higher, before the decision, they sell off after, then bounce a little, then sell-off. Wednesday after the decision, the day of digestion. Markets sell-off, institutions pump as much negative vive as possible while they load their inventories, then Thursday we gap higher and run from there after every one paints a nice little rosy picture that the sky is indeed not falling, and it's time to buy. Then we run till the next meeting, before all the negative hype begins again.
KM |
