Saturday afternoon traveling advance ping.
Posted on 05/10/2014 10:39:26 AM PDT by expat_panama
Saturday afternoon traveling advance ping.
Have a good trip.
tx!
fwiw, I’ll still be jumping in & out as usual, but it’s just that I won’t always have a say in when that can be...
Here’s an interesting read
Why the Stock Market Could Rise 74% in the Next Three Years
http://www.freerepublic.com/focus/f-news/3154868/posts
Futures are up this morning.
And in the “say it ain’t so” department
Fed Chair: ‘Deficits Will Rise to Will Rise to Unsustainable Levels’
http://www.freerepublic.com/focus/f-news/3155061/posts
whoa, what the heck happened? I turn my back for a day and everything soars! Anyway, still pluggng things in/setting up here but it but it looks like this morning futures have stocks up/metals down. Be w/ y'all in a bit...
S&P 1,901 - record high
Now at 1897.14 --almost a hundredth of a percent over what it was on Apr. 4. True, it's a record, but still not exactly what I'd be calling a 'market direction'.
imho those are very well done trend lines; I checked and tose lines could have been drawn back a few more months earlier even. My concern now though is volume indicators, but in all honesty they can be argued either way so my bottom line is I’ll be in no hurry today to dump my S&P index funds...
Interesting. While reading that I came across this article, The Republican Plan to Rein in Janet Yellen’s Federal Reserve
My first thought when I read the headline was what are their plans to rein in congress and the president? I think that is a bigger problem than the Fed.
be late again today having to remove the bing virus
be late again today having to remove the bing virus
be late again today having to remove the bing virus
sorry about that folks, extraordinary attack but seems ok now...
The Fed isn’t the issue. It is, as you day, the fiscal side. The Fed can only do so much. The politicians have choked off growth. It’s pretty amazing the economy has done as well as it has (and sub 2% GDP, frankly,sucks).
Hensarling wants rules? What about the 2% PCE and sub 6% U3 that was set out two years ago? Way too many GOP people simply don’t understand monetary policy and he nature of inflation (i.e. Market Monetarists as per Kudlow and Pethakoukis). If it were up to them they would have tightened two years ago. For an example of what that does see 1937-38.
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