Traders & Investors Should Proceed with Caution
March Madness is here! The NCAA starts today and yet the real madness started yesterday with the FED and the stock markets. The FED raised the federal funds rate .25, which was exactly what the street expected and the markets exploded to the upside, which we are calling a blow off to the upside. This has gone beyond irrational exuberance and traders have lost their minds.
The system we live under is broken and Bubba wonders why we can’t figure out a way to all get along. The political parties have never been this far apart and Bubba reminds listeners that it wasn’t that long ago that both parties were more down the middle. The separation of Americans is disturbing to Bubba because we are Americans first.