Well this bull market is now in its fifth year. You read and hear a lot about how this year or the next might see a steep drop based off of the past. With that said you might want to get defensive. However, that would be true if this was a cyclical bull market which I submit is not. [more]
Watched it tonight on cable. Man was that a waste of five bucks. Basically an Animal House on Wall Street. This got an academy award nomination for best picture? Pity i can't get a refund.
I was a kid and went to a Met/Cardinal baseball game with friends. I was watching the game with great enjoyment (was a Seaver vs Gibson game, me being a Cardinal fan). My friend decided to point out something about the seats. There was a cable line that crossed view. I didn't notice it until he pointed it out. And after that it drove me nuts. [more]
I got Ben Bernanke. I always understood what he meant and I profited accordingly. My one concern about Yellen was if I could do the same with her. But I smell trouble there. Everything was going as expected then she mentions how it would be "considerable time" after the tapering ends that interest may be raised. Now If Uncle Ben would have said that I would have taken that to be a year or 2. But when questioned, Yellen says "maybe six months or so." Well market tanked because people weren't modeling that soon. [more]
Ah well now I can't comment. I hit enter and it just poofs. If you don't hear from me that is why.