Sunday, October 19, 2014
Sunday evening news
New Deal Demoncrat - the US is doing just fine. Weekly indicators are fine. So let's puke the S&P 500 some more!
Reformed Borker (Bork Bork Bork!) - here come the best 6 months of the year for investing. One reason the market went down was everyone was reminded that the market goes down in October, and it was no October. So now let's remind everyone that October always closes positive, even despite its crashes, and that everyone likes to be fully invested from November to May, so we can get this idiotic puking out of the way.
BI - Blackrock: here's one reason rates will stay low for a long time. Um, they blame it on technology. I guess we didn't have any technology back in the 1960s and 1970s when inflation was rampant? Obviously nobody at Blackrock has heard of the phrase "liquidity trap" or reads Paul Krugman, so we can now be thankful that they've demonstrated their ignorance for us so that we can ignore them from now on.