Consider This Your Smoke Alarm Ringing

The Federal Reserve began hinting last year that it was soon to remove the accommodative policy. At present, the “rubber meets the road” in March when they are likely to move the overnight rate upward by 25 or 50 basis points. This is the first of several actions they are due to take. With the recent Russian and Ukrainian events, who knows if that will be the case next month. The Fed is painted into a corner. The stock market is going to spank investors. The smart money left weeks ago – it’s just Mom and Pop and some Robin Hood traders now holding the bag.