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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: February 24, 2014
Must read: The Hellhound of Wall Street
I am just finishing Micheal Perino’s riveting biography, The Hellhound of Wall Street: How Ferdinand Pecora’s Investigation of the Great Crash Forever Changed American Finance. The book is extraordinary for its historical detail, perspective and human drama that reads more … Continue reading
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Grant: “Stocks set for a big fall thanks to the Fed”
The Federal Reserve’s massive bond buying and near-zero-interest-rate monetary policy has set up the stock market for a big fall, said Jim Grant, founder and editor of Grant’s Interest Rate Observer. Here is a direct video link.
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