I’ve been so busy this afternoon, I’ve been racked with guilt about not being able to sit down and do a post. But here I am, so I’ll get on it…….
The bear market was supposed to really kick in full-force a year ago. News flash: it didn’t. Allow me to show you what I mean by this.
I could just as easily title this “The St. Valentine’s Day Massacre”……for any bears left, at least.
Yellen’s hawkishness is definitely shaking up the world of currencies; the Yen is getting smashed, continuing to fall away from the major horizontal lines I’ve drawn…..
With the kind assistance of Kellyanne Conway, I present to you a chart of the inverse-volatility fund, symbol XIV, which to my way of thinking embodies the optimism, ecstasy, and naivete of the investing public better than any other chart. You people are nuts.
I woke up this morning, last night’s post on my mind, and thought to myself, “C’mon, Tim, there’s got to be SOMETHING interesting going on in the market you can write about.”
So I wandered through my pitch-black first floor, iPad in hand, sat down, fired it up, and headed over to ZH, since they were bound to have something provocative. And yet the most exciting contribution was along these lines:
So……some “trader” is “stunned” at………a failed communications strategy. And a guy from Bloomberg is “amazed” at how a debate continues to “rage” about Janet Yellen’s mindset.