from cnbc.....
I have to laugh at the comment made by qunicy krosby, he says "THERE IS A WORRY THAT THERE IS A SIGNAL THAT THEY WILL RAISE RATES THIS YEAR"
this is what it has come down to, "A WORRY THAT THERE IS A SIGNAL THAT THEY WILL RAISE RATES THIS YEAR" this market is so fucking backwards today that you just can't understand how stupid some of these comments are...."THE FED MEETING HAS CAUSED MARKETS TO BE NERVOUS EVEN THOUGH THERE'S NO PRESS CONFERENCE....do you see the mentality of what has become of this market in todays world, that markets are nervous that rates would go from 0 fucking percent to a 1/4%, thats creating nervousness on wall street, these markets need the biggest wake up fucking call of their lifetime.....its sad to see what has become of this market and amount of reaction from a fed hike that we all know IS NOT HAPPENING ANYTIME SOON, and if it does it will be a whole 1/4 of a point probably sometime in late 2015, ohhhhh watch out a whole 1/4 point raise, keep in mind 3-4% rates is still considered an historical low...but wall street bitches have become so used to 0% that anything higher than 0% is a game over kind of situation for wall street...just goes to show you how weak this US economy is that an economy that people claim is the strongest in the world can't take on a 1/4 rate hike....try and figure that one out...
Tuesday's afternoon gains in equities were muted, with the Nasdaq failing to stay in positive territory, as investors remained on edge ahead of Wednesday's expected Fed statement.
"The Fed meeting has caused markets to be nervous even though there's no press conference," said Qunicy Krosby, market strategist at Prudential Financial. "There is a worry that there is a signal that they will raise rates this year."
The Federal Market Open Committee began on Tuesday and will conclude with the release of a post-meeting statement expected at 2 p.m. on Wednesday. A wave of mostly disappointing domestic data since the previous FOMC meeting has spurred economists to downgrade their outlooks for the U.S. economy in 2015, particularly for the first quarter. Signs of economic improvement in the subsequent quarters could still support a rate hike at some point later this year.