I think what the Fed fears is that, if Donald Trump gets big tax cuts and big spending increases that take effect right now, when the economy is close to full employment, they will have to raise rates more rapidly.

Nobody really knows what the market is going to do, but it sure looks like we are going to have a lot more volatility.

The stock market was relieved that the Fed didn't sound tougher, and the stock market seems to figure that everything they like about Donald Trump will come true, and everything they're afraid of about Donald Trump will not come true.

If the government can't get the economy moving again, they have a lot of fundamental problems.

I think the Chinese are really amateurs when it comes to running markets.

There is also a concern that there is a lack of demand of oil. And so when commodity prices fall, it's good if you happen to be a consumer, but it's sometimes seen as symptom of a weakening economy.

It may be that the U.S. stock market starts to rise if people think it's gone far enough.