Whats that???? No more fed hikes for the rest of 2016, hahah

ScalperJoe said:
The Fed has been responsible for the boom and bust cycles since its creation at Jekyll Island.

What has changed? Nothing!
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Are you implying that there were no boom and bust cycles pre-Fed? Go look at some historical charts. The swings were 3x as wide between inflation and deflation.
 
John Authers ‏@johnauthers 3m3 minutes ago
Chance of Fed hike in September now zero, says Mr Market. But there is now a chance of a cut....

ClupREvVEAANIoM.jpg
 
clacy said:
Are you implying that there were no boom and bust cycles pre-Fed? Go look at some historical charts. The swings were 3x as wide between inflation and deflation.
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Perhaps there were wide swings, and the Dow also only had 11 stocks in 1884, mostly railroads. The meeting at Jeckyll Island was in 1910. That's over 100 years of "historical charts" in the market. I think the S&P 500 index wasn't even tracked until the 20's.

Check out the bull and bear pullbacks since the 1929 crash. Some interesting charts.

http://www.yardeni.com/pub/sp500corrbear.pdf
 
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Correction, the S&P full index (widely known as the "benchmark" for the U.S. stock market) didn't even begin its historical tracking until the 50's.

"When considering all bear markets in history since 1957, the average decline has been 35%, spanning an average 14 months.

The index has also enjoyed a bull market after each correction, and as the table below highlights, the best stretches in history far outweigh the worst ones." Today's drop is chicken feed. Short term, it will provide for lots of trading opportunities with volatility. However, the drop isn't big enough to "load the boat" on the long side, in my opinion.

http://etfdb.com/equity-etfs/the-complete-history-of-the-sp-500-index/
 
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