Greg Mannarino, TradersChoice.net, Released on 9/19/16
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a business day “MarketReport” on YouTube.
Gregory Mannarino: This is a HUGE week for markets added by Herman James on
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With no rate hike on Wednesday, the stock market will not go up because there is no reason for the stock market to go higher just by keeping interest rates unchanged. Corporate profits have been falling for the last 6 quarters and the global economy is weak. By not raising rates, the Fed is admitting the economy is weak. PE multiples cannot be justified higher just because rates stay unchanged.
Very interesting analysis. Thanks for sharing that
I agree. Interesting.
We live in strange times. Up is down, left is right, and sometimes things go back to normal for a few days before violently swinging back to bizarro land. Alas, these are the markets the central bankers have wrought for us