Today and tomorrow we will find out the degree to which the markets continue to be enthralled by the jawbones of policy makers. The big market is ripe for a correction of some sort; a routine one at least. The precious metals and commodities seem ripe for a rebound. But there is sure to be talk of QE withdrawal in the air and we should … Continue reading NFTRH Update 5.21.13, Pre-Market Notes
I read a piece this morning by Josh Brown, the Reformed Broker, in which he destroys the 1999 comparison for the stock market. He makes some excellent points about why the stock market is not only not over valued compared to 1999, but is actually a bargain. You should read it because we should all be considerate of rational views. I also read The Fed … Continue reading The Stock Market – Which Side Are You On?