‘Don’t Fight The Fed Works’ In Both Directions…
As the market soared, pundits hawked their investment flavor of the day; “Don’t Fight The Fed!” Buy stocks based on the actions of the Fed, not the value of the company. Even forever unprofitable companies saw their stock prices skyrocket. Traders made a lot of money playing that game. Bill Bonner wrote, “After 1999, stocks rose for the wrong reasons; […]
» Read more