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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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@Nabwire,the Dow is 145points lower ATM  @SufficientlyP
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Sufficiently Philanga....thropic wrote:@Nabwire,the Dow is 145points lower ATM That's nothing, remember the market is irrational and most people don't know how to interpret policy! I remember when it used to fall 700 points! Rather than focus on the markets reaction, I would focus on Bernanke's predictions, low unemployment, low inflation and economic recovery plus housing recovery!
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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10yr Treasury paper now at 2.32% yieldwise up by 0.13 @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Nabwire wrote:Sufficiently Philanga....thropic wrote:@Nabwire,the Dow is 145points lower ATM That's nothing, remember the market is irrational and most people don't know how to interpret policy! I remember when it used to fall 700 points! Rather than focus on the markets reaction, I would focus on Bernanke's predictions, low unemployment, low inflation and economic recovery plus housing recovery!  @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Sufficiently Philanga....thropic wrote:10yr Treasury paper now at 2.32% yieldwise up by 0.13 Highest since March 2012! @SufficientlyP
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Doublespeak.Lets see how the markets react.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Sufficiently Philanga....thropic wrote: Thanks  but I'm not in this for the accolades, unless they can be converted to $$$! My neck is on the line and he did not give any Kool aid as far as GSE's, if anything he seemed to reiterate that they will be wound down not privatized but so far they haven't reacted to this, down only 3%, so maybe they called his bluff!! If there is anyone I would love to meet its Bernanke, even over Buffett, coz with the stroke of a pen he can make a lot of us better off!
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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So true @Nabwire. He is the man. Much more sought after today than Obama. Was a tough balancing act for him. Trying not to scare away investors and at the same time making them aware that tapering is not an option going forward. Like driving in the fog. @SufficientlyP
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Gold lower... ***************** Societe Generale SA’s Michael Haigh correctly predicted this year’s rout in gold by using a math problem to measure a feeling. His arithmetic says there’s worse to come. http://mobile.bloomberg....g-rout-commodities.html
GOD BLESS YOUR LIFE
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Nabwire wrote:Sufficiently Philanga....thropic wrote:Says they will 'taper' the interest rates when the unemployment rate comes down to 6.5%. All contingent on the economy recovering, if the economy recovery prediction goes as forecasted, they will taper in mid 2014, but if it doesn't they will deploy the funds. That's a win win for investors, plus the tapering will be gradual! Thank you for the much needed updates.
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