I have never hid my disdain for the Free (it should be federal) Open Market Committee. I find it to be immoral, unethical, and criminal to charge interest on the money they print. Think about it: I’m going to create a currency, force all in the marketplace to use my currency, and then also charge those same consumers an interest on the printed money. If this was a public entity and part of the social contract, I’d be fine with it as government must create capital to maintain their social mandate. However, this is a private entity; a private banking cartel that controls this. There are many things about the FED that I disagree with, but this is one of the bigger ones. Another one is what they have done in the manipulation of the markets, including the dollar and the stock market.

Take for example the following chart: this is a 15 minute chart for the last two days that covers the FOMC policy statement and today’s price action. The market sold on the announcement yesterday due to the market finally getting a sense of when the FED will start raising interest rates (which will not be good for the market). It sold about 2%; which is not a huge movement, but one that makes the FED uneasy. It was just a matter of time until someone from the FED did something to keep the market from continuing to sell. However, I was surprised to hear the Janet Yellen spoke at a private luncheon today where she told a group of politicians (mostly democrats) that the FED would not be raising rates anytime soon.

Two shocking things happened immediately following this meeting (all pun intended):

1) The information was leaked to Wall Street

2) Wall Street immediately sent the market indexes vertical

You have to love the Federal Open Market Committee.

—

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis.  This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise.  Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products.  By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials.  In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.