Optionsellers.com

Good afternoon this is James Cordier of OptionSellers.com with a market update for June 17th. Well this past week Janet Yellen and the Federal Reserve did what was very well advertised, and that was raising rates by another 0.25%. Certainly not a big deal. Basically all market analysts and participants were certainly expecting that. What did come out yesterday, I think, however is practically monumental and it's historic. We're all familiar with what happened some 8 or 9 years ago and that was something called QE. "Quantitative Easing", a way to actually drive interest rates down to zero and in some cases, below zero. What happened yesterday was the announcement of finally reducing the Fed's balance sheet, a balance sheet that has ballooned up to $3.5 trillion. The plan is to reduce this balance sheet by some $600 billion a year, over the next few years and bringing it down to the neighborhood of $1 trillion. It's so interesting some several years ago, the discussion of Quantitative Easing and what it was