Oil Prices: T Fight and Market Committee

oil prices: Don't fight the Fed and don't fight the tape, as the late, great Marty Zweig used to say, according to Market Watch. I always knew that at some point the market would humble me, but I thought I'd probably be mauled by an unexpected bear. That was easy for the first five years, when I stayed steadfastly bullish, especially on U.S. stocks. This year, I made the opposite mistake. The Federal Reserve had just raised the federal funds rate for the first time in nine years, and a more hawkish Federal Open Market Committee seemed poised to raise them a few more times. In early January, earnings were falling, oil prices had plummeted, and stocks were selling off, too. (news.financializer.com). As reported in the news.