March 21, 2018 | Stocks Set to Plummet on a Dearth of ‘Good’ News?

It was predictable that DaBoyz would attempt to sucker rubes into buying stocks ahead of Wednesday’s dog-bites-man announcement from the Fed. The only surprise is that when the announcement of a universally expected 25-basis-point hike came at 2:0o p.m., the Dow and S&Ps did not reverse with a vengeance; instead, they sold off moderately to finish slightly lower on the day. Look for the selling to pick up steam, since DaBoyz have so little to work with on the news front. Search as they might for ‘bullish’ headlines, their benighted lackeys in the news media have gone off the reservation, obsessing over Trump-and-the-Russians drivel that most of us tuned out six months ago. If that’s the only news the media hacks can gin up in these all-too-interesting times, the stock market is about to pass out from a lack of oxygen
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Rick Ackerman March 21st, 2018
Posted In: Rick's Picks
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