Lions.. Don't Rattle and Focus On Market Drivers.
From Greg M
Lions.. as I have been saying lately, I am deeply troubled that the Fed. Failed to act/raise rates- as they knew, just as you and I did, that IF they did not raise rates stocks would fall.
With that said, overall market drivers remain intact, save the big jump higher in the DXY. It still appears to me that we are in a normal corrective phase of the market.
GM
Perhaps the FED not raising rates was a power-play by them to show everyone what they could do. After all they were publicly reprimanded for their insider trading while Pelosi and the gang still get to pocket millions without consequences for the same reasons. They’ll raise rates, but after they teach the lesson of who is really in charge. A play of spiteful super-egos.
Greg, I started following you in (I think) Jan 2020 when you advised that you were getting out of the market and the next day, and month(s) after, the market dropped like a stone. You saved me $30K+ back then, and since I've listened to your advice, as I still do now. My question is, what was different then from now? Just for my knowledge, I'd like to know what you saw in 2020 to bail at the exact right time? You didn't have the MMRI back then! Thanks