Adam Grimes posted a refreshing response to those who keep insisting that a Fed Rate Hike will bring imminent doom to the markets:
"...we think that the concerns and focus on Fed action and an eventual rate hike fall in the same category [of being speculation, opinion, and not at all actionable]. Each month we have a regular flurry around the scheduled announcements and press conferences, but it’s important to remember that the impact of a hike on markets is anything but certain. If we could know the date and magnitude of a hike in advance, it would still be difficult to come up with a way to profit from that information. (Perhaps the best play would be a short-term long volatility play.) Stocks can rise in a rising rate environment; they have in the past and will again at some point in the future."