No rime or reason to any of it, other than what is in fashion and the hocuses- pocus of the moment.
Trading in and out of the FED's on/off Yellen commentary has been like shooting fish in a bucket.
Noticed it early on and have been surfing it since.
What I see the FED doing with its on/off commentary, as considered and combined with the CNBC media hype surrounding it ....when I win.... the US Gov. wins on my back in the way of capital gains tax.
IMVHO....the FED/Us Gov. are massaging the markets for gains....that's how bad off the US Gov is.
Raise rates that will impact the US Gov. directly?
The token .25% move is a joke where CNBC is massaging the impact of a .25% move to get traders trading.....and churn taxed gains.
I see the end coming to that free for all.
What a disconnect this nation is going through.
They are basically forcing you to do what they want....as they have leveraged your principle worthless.
doni