The Slide Continues
The stock market continues to sink, which wouldn’t be worth blogging about except that it is falling because the economy is doing better than expected. Thats right, due to a better than expected job report the market is falling because the Fed might actually raise the interest rates next month. Of course, the great economic news should have far more positive effects on the market than the negative effects of a rate increase. But, the stock market is choosing to only see the negative, and has fallen to lows not seen since last year. Will traders please wake up and realize that the jobs news is great news, the interest rates will still be low even if they are raised, and the economy overall is getting better everyday?
