ka·put: Broken and useless; no longer working and effective.
I’ve always been of the opinion that charts speak louder
than words. Here are a few of the most recent US economic reports,
which really don’t need much of an explanation or technical expertise to
decipher. The longer they bid the market up on the belief that
QEternity and the Bernanke Put Kaput will lift the stock
market forever, the larger the disconnect between equity prices and the
underlying economic fundamentals becomes. The larger this disconnect
gets, the more powerful the reversion to the mean will be once it
finally manifests. Have a nice weekend.
–Randy Phinney, RSOTC.com
