How to play the FOMC? Does it matter beyond “manage risk?” asked the robotic blogger.*
The Fed has been using its jawbones as well as talking out of every other orifice over the last month or two with regard to ‘taper or not to taper’. The stock market is at the moment on a tout that sees them saying ‘never mind about the taper stuff for now. We were just floating a trial balloon to prick the speculative atmosphere’. (more…)
Perhaps Consumer Reports doesn’t understand its target audience …
“We’ve long cautioned against taking quick-fix weight-loss drugs like Belviq, and Qsymia — that was also approved by the FDA last year–as well as supplements, because their benefits are usually minimal, and their adverse effects can be troublesome. Instead, skip the pills, and lose weight the safer, tried-and-true way–by eating less and exercising,” reports the well-respected organization. (more…)
This is a really impressive topping pattern…….and a firm break of $9 would send it swooning:
From the box of my ink cartridge I needed this morning……..
It seems that Ben Bernanke’s term as head at the Fed is coming to an end and that he will most likely be replaced in January 2014. That brought to my mind Isaac Newton’s famous comment that ‘if I have seen further than others it is because I have stood on the shoulders of giants’. In defense of Ben Bernanke’s record at the helm of the Fed, he was standing on the shoulders of his pygmy predecessor Alan Greenspan, and perhaps he would have seemed less of a pygmy himself had he not followed one of the least farsighted and most reckless Fed Chairman in history. (more…)