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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Davy Crockett who wrote (16898)3/29/2015 11:21:17 PM
From: The Ox1 Recommendation

Recommended By
isopatch

   of 33421
 
The US needs to raise rates. I would like to assume that everyone is on this same page. Punishing savers has gone on long enough. At the same time, it's a tough road going forward between the slow "appropriate" rise in rates and possibly derailing what little economic progress we've achieved here in the US.

It's why I'm neutral to bullish on the markets going forward whereas most on this thread are firmly in the bear camp. I believe that the FED will find a way to navigate the road going forward. The first rate rise is the toughest.

As you might know by now, I'm not a fan of Greenspan in the slightest. It was his under his watch(and under his encouragement) that led to the banking crisis of 07-09 and the explosion of the many of the derivatives and "financial weapons of mass destruction".

The market will likely have it's first severe correction when it's obvious that the FED is going to raise rates. I don't believe this will turn into the "big kahuna" that most expect....but I know I'm in the minority on this thread and in the marketplace.
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