Friday is Finally Here
It seems like the markets, investors and media have been waiting forever for Ben Bernanke to give his annual speech from the Fed’s retreat in Jackson Hole WY. Lots of initial expectations have faded into much ado about nothing. I like that the stock market is showing weakness into the speech. That leaves ammunition for a potential move higher next week. Today’s decline was very orderly and began to restore a little worry in the markets. We don’t need all […]
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Date: September 4, 2012
Like Watching Paint Dry
Unlike the summers of 2011, 2010, 2009, 2008, 2007 and 2006, the summer of 2012 has been very, very quiet. Volatility is at an historically low level. Volatility contraction leads to expansion and vice-versa. At some point, we are going to see a spike in volatility and that will shock the system. Later this week, Ben Bernanke will make his annual speech from the Fed’s retreat in Jackson Hole WY on Friday at 10:00am. While everyone will be on the […]
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Date: September 4, 2012
