Formatting decision...I'll title posts by the date and and identify line items throughout the day via the numbered paragraph format. That way I can easily modify / add points throughout the day...and you can just remember when/where you last checked to look for any modifications.
- EMPHASIS ON THE WHOLE FED THING YESTERDAY. It is a big, Big, BIG deal. You now live in a different America. Why? Simple. This is Banana Republic-type stuff! Printing money out of thin air at the central bank, only to turn around and buy debt securities issued by your Treasury, is the kind of practice you typically see in emerging market regimes. We're essentially monetizing our country's debt and deliberately devaluing our country's currency. We're also screwing over our foreign creditors (ie, China & Japan) — a dangerous path to tread considering we're a net debtor nation that's trying to borrow tens of billions of dollars a month to fund our massive deficits. When emerging markets try this, it often results in an implosion of the entire economy...think Argentina, Mexico, Russia (1998), Zimbabwe billionaires. Not a guarantee...but on thin ice...not safe...so, not safe.
- Briefing.com article on SP500 bounces post bear markets Has a great chart of depth of bear markets and subsequent bull moves in multi year windows. Also, speaks a little to Price/Earnings ratios (current).
- But, Ms Market seems to be happy!
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