Market jumps again

The relentless market moved up yet again yesterday.  What was surprising was how strong it was before The Fed interest rate announcement.  With that, I thought we'd see a "sell the news" reaction afterward, and stocks did sell off some initially, but they rallied again into the close.

The market does tend to reverse this type of big move in the days following a Fed meeting so it wouldn't be a surprise to see some selling today or tomorrow.  The question will be - how much downside will we get?  Just another blip on the radar screen or a real pullback? 

That's all I have for today.  I'll be back with you on Friday morning.  Currently 75% G, 25% C fund.  Thanks for reading! 

I'll leave you with this chart that one of our members posted in the message board.  It shows the housing market index and how stocks react a year later.