hisah wrote:
Fed hikes rates by 0.25%. First rate hike in 9 yrs. Next year markets will be volatile when junk bond market starts coughing!
I never thought these guys would have the cojones to pull this off. Price for 'credibility'I guess.....which will be eroded massively once the econ meltdown is firmly underway. Might as well start betting on when they will backtrack/back pedal by cutting the rates. Q2 2016???
All in all (with the fed hike being the catalyst plus a host of other reasons), next year is sure to be one hell of a smack down in the markets.
The main purpose of the stock market is to make fools of as many people as possible.