posted on Mar, 21 2018 @ 02:34 PM
Today the Federal Reserve announced an interest rate hike. That is theoretically going to pressure the stock market downward. It is a classic idea in
the investment world that higher interest rates will draw some participants away from stocks and into bonds. Keep in mind that the interest rates are
still quite low, but still the idea remains in every trader's mind.
In order to counteract that downward pressure a special AP News headline was concocted....
IS suicide bomber kills 33 as
Afghans celebrate new year
The number 33 in the headline signals you to buy the stock market. Remember 33 up, 32 down. It is not yet time to start the real selloff. Some people
might be thinking that the Fed rate hike will start the selling in earnest, but we still have 8 more weeks until the target date.
Don't be shocked if the stocks rally big in the next few days or weeks due to a lack of selling interest. The talking heads will probably have some
line about the rate hike being already priced in, etc. You know how it goes.
On this day, rate hike, 33 news. Just in case you're not sure. You know some new guy is out there following or being led, and he doesn't know about
the mid-May target yet. Today is a learning opportunity. The general thought is down after rate hike and yet the market will move up in the near