Aug

4

Thursday's decline of 40 points was within a few points of the largest declines we've had since 8/10/2011. It's only 2% depreciation following 200% appreciation. Sure, get me out, I've become way too rich compared to the income growth within the economy.

Steve Ellison writes: 

I have no idea if this was the key weight, or even if it was important at all, but I had noticed that the DAX last made a new high on June 20. It made a 20-day low on June 26. It made new 20-day lows on July 8, 10, 21, and 28 while the S&P 500 continued making new highs, with the last new high on July 24.

Allen Gillespie writes: 

Clearly the taper (smaller negative interest rates) have an increasingly large impact. we v - cf/i. The curve bends take and to the right as one approaches zero. Law of small numbers in the denominator. The no man's land of the zero and then the euphoria of the small positive followed by the small number effect again should be interesting.

 


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