Listening To Wall Street Is A Waste Of Time

The Motley Fool – September 4, 2015

“Will they or won’t they?” is the question everyone on Wall Street and throughout global finance is asking themselves (and others), referring to whether or not the Federal Reserve will raise interest rates for the first time in nearly a decade at this month’s meeting of the Federal Open Market Committee on Sept. 17-18. The Fed has been at pains for some time to emphasize that its decision is data-dependent. As a result, analysts and pundits go over every significant economic data release with a fine-tooth comb.

Sometimes you’re up, sometimes you’re down,
Sometimes you’re almost to the ground.*

*old spiritual

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