My posts sometimes reflect the kind of hand-wringing, what-could-go-wrong mindset that is so endemic to my troubled soul. This time, I’d like to be an optimistic pessimist and speculate on what could go right with the bear case in the short- and medium-term.
The market will be smellin’ Yellen on Wednesday, and between that and the Fed minutes, that could jostle things (to say nothing of the various and sundry geopolitical tensions simmering all around the world). Looking at the Dow Composite, a drop to the lows we saw earlier this Spring seems altogether feasible, if not likely: (more…)