Yellen Knows Nothing

Kind of an interesting FED meeting and Yellen Press Conference.

Bottomline:

1) they don’t want to admit QE-2 and QE-3 didn’t work.

2) They have no forecast as to when ” Normal returns”, everything is data dependent.

3) The economy is key, it is stagnant and GDP is weak.

4) Europe is in trouble.

4) They pray the dollar will decline.

5) Our take, the next major move in the market and economy will NOT be FED dependent.

 

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