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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Daily Archives: September 14, 2012
QE3 Rally: get excited at your peril
“In the fourth quarter of this year we could head towards the fiscal cliff, have a country coming to the ESM and China slowing, you want to get excited, go ahead but you could get crushed,” says David Bloom, global … Continue reading
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Warsh: “Fed chips are now all in”
“We’ve been running the stimulus programs like an infomercial,” says Kevin Warsh, Hoover Institution, discussing how the Fed’s asset-buying program will impact investors and the markets and U.S. economy. Here is a direct link.
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Evidence to the contrary
Yesterday Fed Chair Bernanke stated that the Fed would continue to offer quantitative easing until the unemployment rate comes down. As shown in the chart below that there is no evidence that any of their mammoth efforts to date (QE1, … Continue reading
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