Tweet ***** Isn't that SPECIAL! ? ! As the "Church Lady" used to say on SNL (Saturday Night Live)
I said on Monday's Weekly Outlook that the markets are looking for something special. I honestly did not think that Janet Yellen would be that significant special news which would propel the moves I was looking for. Nor did I think it would be happening so fast.
Aside from my political views, it is not exciting for me to hear or learn that the main continual objective of our government is to ignore the debt, keep inflation to the upside (especially the one they don't measure: food and energy) and call it "good" for the people. Obviously my thoughts differ from the markets in this, as this bit of "good" news was what inflated it more; and "Why not?" I say, "it worked thus far".
These are the kind of significant "surprises" that developed my thinking and started my planning to be set up both ways. You see, I prefer to be at the ready than to scramble. Since it's impossible to predict when or why the markets will move this way or that, it's easier to plan for possibilities instead. So, if I know ahead of time what I'm looking for and set up accordingly, I'm already ahead of the game.
Happy Trading, Living and Dancing
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