Quote:
Originally Posted by camcojb
The market sure loves the Fed................  |
No --- the Market LOVES low interest rates....
Oldest market saying is one worth learning:
When interest rates rise the stock market dies
Give me 7% tax free muni rates and I'll be out of the market in a heartbeat! But as long as you can't make any returns with interest bearing investments you HAVE to be long the stock market. Not to mention that the low rates help companies make profits. When they start having to pay out more for borrowing (overhead) -- and inflation starts creeping in -- WATCH OUT....
But for now --- let's drink the tea!