As usual, the pendulum on Wall Street has swung too far.
If you listen to the market mavens, investor sentiment turned on a dime last week after Janet Yellen spoke and hinted that the first rate hike in more than eight years could come earlier than anyone expected. Investors who had gotten fat and comfortable from zero interest rates were suddenly panic-stricken to learn that the end of easy money was right around the corner.
Read Full Article »