Quote:
Originally Posted by lamboguy
i didn't realize that the banks and financials are already down over 20% off the top with volume. these markets are in a bigger mess than i thought. slow and steady wins the race, when the latest tax cuts came in the market went on unsustainable steroids.
the fed can still cut rates to juice the market some more, but the day will come when that doesn't even work. it will be interesting what happens with the rates this Wednesday and how the markets react to that news.
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I think a hike is already baked in. The statement about future hikes will be a big driver.
