Optionsellers.com

Good afternoon this is James Cordier of OptionSellers.com with a market update for May 20th, it’s so interesting to look back to the days where Alan Greenspan and Paul Volker were running the Federal Reserve. The stark contrast between what’s happening now and back then is just amazing. Of course this past week, again, the Federal Reserve decided to play with the markets by saying we may very well be raising interest rates this summer, you’ll just have to wait and see but we’re more likely to do that now than we were say a week ago. It’s so interesting computerized of buying and selling kicks in selling the stock market, selling gold and silver, selling crude oil, and buying the US dollar commodities basically are moving in lock step with what the Federal Reserve is saying or in fact what they’re pretending to say. At the end of the day interest rates in the united states are going to be on a very slow climb. Possibly quarter percent this summer possibly not possibly one in the fourth quarter maybe after th