Nov

4

 Stock market highest since day of the flexions.

Ken Drees writes:

Coupled with a tone of "don't fight it", "go with it" and "long term hate it but short term love it", and you have a very potent potion.

Victor Niederhoffer adds:

Very good for owners of Fed in that all bonds they have would be bought. 

Rocky Humbert writes:

One notes that the Fed's rhetoric turned bearish (and they hiked the discount rate and some thought the fed cycle had turned) when the bank stocks were at their cycle highs back in March/April. one wonders whether the tell will again be the bank stocks (XLF)? Shouldn't the Fed's P&L look similar to the generic banks' p&L? Or has the banking system been zombified by Dodd-Frank, and the only profitable lender left standing will be the Fed? 


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