James "Rev Shark" DePorre is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He is founder and CEO of Shark Asset Management, an investment management firm, and he also operates sharkinvesting.com, an interactive online community that serves and educates active investors.Expand

DePorre holds business and law degrees from the University of Michigan, is a member of the Michigan Bar Association and a former attorney and CPA. He lives in Anna Maria Island, Fla., and Conover, N.C., with his wife and three children. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.Collapse

The market response to the Fed was quite extreme, although there really wasn't any major development.
I have some doubts about the ability of this market to hold a breakout.
Fed's tone is dovish with no guarantee of further hikes this year.
The question that we will hear repeatedly now, is whether there will be two or three more hikes this year.
Betting on negative reaction to the Fed has not worked well in the past.
A market top on a rate hike today is not likely to occur.
Stocks that have been acting the best get hit the hardest.
Ackman's VRX trade shows how difficult it is to be consistently disciplined.
Not making any new buys, but I haven't rushed to make sales either.
The best move has been to simply stick with the trend.

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Shares of Coach appear to be back in rally mode today. The stock is up over 2.25%(Kate Spade deal?)and is one ...

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