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.
Now It’s the Dog Days of Indian Summer
- 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??