The Danish philosopher Soren Kirkegaard argued that to embrace the Almighty, and by implication, all else not at all apparent, requires a great leap of faith. What we have in the stock and Treas. markets is a "Kirkegaard Rally"....You gotta make the leap....Fed tightening is now seen as having corraled the inflation beast, making it safe to think about a benign economic expansion ahead. Plus, no doubt hedgies are rolling out of oil and commodities as they sell off and are jumping on the equities and Treas. bandwagons. A "done deal."
The Fed has succeeded in this kind of maneuver before as discussed in recent posts, so it comes as no surprise that some would jump the gun and and run 'em in anticipation of success. Be careful with this. For example, do not use the "john" during trading hours, or have a ticker moved in there so you can stay on top of the action.
1 comment:
As the number of blogs I read regularly rises with every day, I am trying to get rid of the time consuming custom of reloading these blogs over and over by integrating them all into my RSS/XML reader that came with my new Safari browser.
Do you think it would be possible that you add a feedburner or XML button on your blog? I think this would be welcome by a lot of your readers as it facilitates keeping up with the news in blogosphere soooo much.
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