FED RAISES RATES STOCKS GO UP!

As expected, the fed raised short rates another .25% today. The market waited around all morning for the FOMC report. Soon after the announcement, the market resumed its upward march.

Everyone should know that 2.25% is not a high fed funds rate. Current rates do not provide serious competition for investors capital. Investing is really a simple game; one should simply put your money where you are paid the most. It will take several more increases in rates to make interest bearing instrument approach par with stocks that offer higher returns and tax advantages.