After a recent market crush in September, all began from where; some point finger at China slowing GDP growth, others point finger at the US potential interest rate hike, and these two big countries spooking each other market days and nights, SPY was pounded from all time high $213 to $187 within a week. This crush makes you realize a prior Greek bailout in June was just another pre hiccup before the market took a dive.
The FOMC is pondering these days whether or not to hike the rate. Last meeting in October, they mentioned the rate hike was still an option and will consider this again in coming December 15-16 week. The market was eventually up until last few days and reacted horribly last week.
Based upon that, I consider writing my findings on markets in future posts and what it really means for an average investor like me in the long run.
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