In recent days, people started asking me what is now on the market is it a good time to buy some stocks. Yesterday, the bank employee offered me shares to buy. The interesting that in the last two years he never suggested that. So small investors started to fizz on the market, which is a good sign because they supply the buying power on the long side, but it is bad on the flip side. They bring always the nerves to the market, with increases in volatility. What I am expecting the following months. So I told all of them “Good morning, this bull market since 2009. I am happy you waked up”.
Yesterday the U.S. markets plunged slightly from their records after the FED meeting but basically the whole day was neutral. The FED said again its keep the QE further, the bond buying program cited the unemployment rate level. As was broadly expected was no change in the interest rate. Some analysts say FED might taper for the bond buys in next March. We will see. SP500 weakened after four days rally.
- SP500 -0.49% 1,763.
- DJIA -0,40% 15,618.
I remember well in the spring everybody forecasted that the tapering would start in September. And now you see nothing happened. It assures me again Mr. Market is more complex than anybody able to forecast. All of us are only guessing. That is the harsh reality. Most of the predictions were wrong.
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The BFM Assets Team.
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