As a potential confirmation of your short signal, Cramer just reversed his bearish position of the past few days.....
The Federal Reserve gave us enough room to be bullish if we want to be. And the market wants to be. I think that the Fed gave us comfort that it isn't going to keep ratcheting so that you can believe in the bull case.
To me, that means lots of stocks can go higher because the Fed won't take rates up huge. Bonds are signaling no inflation, not a recession, as so many are saying. Stocks are signaling 4% growth -- and lowered expectations for tech.
I know that some will argue that the Fed gave you no clarity at all, so the rally on the news is just plain stupid. I think not. I think the Fed made it clear that it doesn't know what it will do, and that the possibility of no more hikes this year may just be a good one.
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