The Federal Reserve Did What??
(00:00.418)
So the Federal Reserve did what? Nothing this time around, kept rates where they are. They gave a forecast for next year that many, many people on the, you know, the Brady Bunch boxes, the Brady Bunch boxes on the various different business networks where they put a myriad, what was the other? Hollywood Squares, remember that? They had a lot of boxes on Hollywood Squares. They should bring that back.
They should, you know, one of the business networks, should I, it’d be funny. That’s what I would do if I was running a network. I will look to buy that old Hollywood Squares set there. And whenever the Fed came out or whatever they’re doing, any talk in regards to jobs, you put people in a little Hollywood Squares boxes. Anyway, trying to discern what the Fed had said. Actually, you know, one of the, I gotta give him credit. And I’d always agree with the guy. He’s a columnist for the Wall Street Journal’s Greg Ipp.
And so I’d eye on this one. And he said, they don’t know what they’re gonna do over the next couple months. They don’t know what they’re gonna do next year. Because guess what? They don’t know. They don’t know what the union strikes are gonna mean. They don’t know what a government shutdown is going to mean. They don’t have a clue. And I’ve been saying this all along. When you listen to all of this Fed talk, and I know it moves markets over the short.
term, but if you try to trade it, you’re gonna lose. I want you to kind of reminisce, you know, go back to remember the peanuts, Charles Schultz and the peanuts cartoons. I love those. Look forward to those back when we were kids around Christmas time and Thanksgiving and Halloween. And you never heard an adult speak. Remember that was what that’s what fed talks. That’s what you should hear. Okay.
Be your own do-it-yourself economist. You’re gonna see the forest for the trees. If you tried to trade the Federal Reserve, you’re going to fail. It’s just that simple. Okay, as far as your portfolio is concerned, focus on the companies you have. Where are you expecting to be five, 10, 15, 20 years down the road and all of this is just, wah, wah. Watchdogonwallstreet.com.