Posted Dec 16, 2015 by Martin Armstrong
As we have warned, higher interest rates are NOT BEARISH but BULLISH for the market. Anyone who dares to peek under the rug at history for past performance will see U.S. stocks rally with higher rates. A simple correlation ALWAYS reveals rates rise with bull markets and decline in bear markets. It is just nuts the way these people talk up these events. So the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade in a vote of CONFIDENCE in the economy. For decades, the talking heads have indoctrinated a negative view on rate hikes in the vast majority and have brainwashed everyone, including the press.