Monday, July 28, 2014
Monday lunchtime news
Here's a little bit of reading for today.
Ritholtz - rising rates I'm not scared of. He notes that rising rates this time would be a sign of a normalizing economy, not the usual instance of the Fed trying to choke off growth. I fail to understand why, if this is what he thinks, he's still a pants-wetting top-calling sissy.
NDD - housing market report. I guess housing is falling off as a tailwind? Is that it?
FT Alphaville - everyone's waiting for the correction. And as they say at the end, "if everyone is waiting on a correction it ain’t going to last long." Then again, if everyone is waiting for a correction that ain't going to last long, it's going to last for a while. I wouldn't put it past the market to correct, btw - the Republicans have a lot of derp ready to let loose during the coming midterm elections.