Now It’s the Dog Days of Indian Summer

It’s starting to feel like August all over again, with the broad averages spasming gratuitously, unable to hold onto gains but equally unable to sell off for more than a day or two.  Is it possible that the only event capable of pushing stocks into a trend is yet more meaningless drivel from the Fed’s clown-in-chief?  Her latest semiotics would have us infer that tightening is all but certain by year’s end, so let me say this for the umpteenth time: Any real tightening — meaning more than a token 25 basis points once in a blue moon, and even then not to exceed 50 basis points cumulatively — is about as likely as a Martian invasion.

  • Buster September 28, 2016, 1:23 am

    …be careful what we wish for.

    Jubilee year entered into as of 23rd Sept, apparently, leading to judgement on our debt based monetary system by means of a forced debt collapse, since no debt forgiveness is adhered to.
    We’ll just have to watch & see if this time the game really is on, or not??