For those not already inundated with The Fed news, this is just a brief note on what they said and what it likely means.
The Fed basically said “no change” and that essentially free money continues for the foreseeable future. Maybe, possibly, 2 Fed meetings in the future, if ‘the data’ support it, they might raise interest rates off the floor.
So the TV Talking Heads Traders are going on about it being a “Risk On” world now, and that Russia, N. Korea, Cuba, Isil / Isis, Pakistan, the Sony hack, etc. etc. just don’t matter since The Fed Speaks and said go forth and buy.
They are likely correct in the short run. So the market will exit the downward drift ‘for a while’, TSLA is likely to rocket up to the SMA stack (instead of having an ongoing plummet) and all will be good. Right up until it isn’t. Generally expect a return to the SMA stack from below for things that had been falling, and a generalized Christmas Rally for the overall market. Then in a week or two things will move on and the ‘fears’ will return.