Eric Peters Says Fed Is Surfing, Not Landing A Plane

Many economic analysts think the U.S. Federal Reserve is landing an airplane when determining how and when they raise interest rates. Landing an airplane and raising interest rates can be a decidedly complex task, particularly when unpredictable cross winds make quick calculation adjustments to glide path and landing trajectory mandatory. But Eric Peters, chief investment officer at Peters Capital Group in Greenwich, CT, thinks the plane landing analogy is all wrong. Eric Peters: Fed is looking for a strong wave The Fed is surfing; its riding a wave, the Peters Capital letter told his well-read audience. Great traders often speak…