ALERT: Did this stunning event just signal a major turning point in history?
January 29 (King World News) – Jason Goepfert at SentimenTrader: “The Federal Reserve is confused. For only the 5th time in 136 meetings since the Fed started clearly articulating the biggest concern to their policy decisions, they neglected to do so yesterday (on Wednesday – see remarkable chart below).
There was something odd about yesterday’s (Wednesday’s) statement, however. Since 1999, the FOMC has (almost) always included a sentence about where they see the biggest risk to the economy.
Did This Just Signal A Major Turing Point?
It’s hard to see on the chart, but out of 136 statements, there were only 5 when the Fed didn’t feel comfortable enough to give any risk assessment – March 2003, September 2007, December 2007, April 2008, and yesterday.
When the most powerful central bank in history, with the best data and some of the best minds, cannot manage an opinion, then data must really be in flux. And looking at the two time periods when they omitted a risk assessment, it marked two of the largest turning points in stocks.”
***The commentary and chart above are just a portion of the latest fantastic report. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
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