The Federal Reserves has announced that it will increase interest rate and the rate of increase announced was higher than expected. Stocks markets responded to the interest rate decision by going lower. On one side, we have analysts giving banking counters a vote of confidence since they would be beneficiaries of interest rate hikes. On the other side; Reits, telecoms might be shunned since investors now have more better interest vehicles of wealth creation. For borrowers, mortgage loans would head north and they would need to examine the monthly cash flow phasing. And gold will not appear as attractive with the US Dollar climbing. The above is in a nutshell the effects of an interest rate hike. With US stocks markets at new highs, it is better to heed the sayings of Warren Buffet to buy when others are selling! I do not see very attractive long-term buys in the ......