| An old proverb asserts that there are only two certainties in life: death and taxes. Well, at the moment, there's one more certainty: another increase in the fed funds rate by the Federal Reserve at its next meeting. As my colleague John Persinos would say, when confronted by daunting market news: Ugh! That said, when the cat's away, the mice will play. So, with the Fed's next meeting taking place on March 20-21, and the stock market currently oversold after a dismal month of February, the odds favor a short-term bounce in stocks. That's because traders have a poor memory, which often means that yesterday's reasons to be bearish are soon forgotten. Thus, with the Fed thankfully moving to the background for a few days and the stock market oversold, as long as key technical support levels hold, there may be some short-term trading opportunities on the long side. Read More... | 
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