“We don’t have a precise read on why this slower pace of growth is persisting.”
Ben Bernanke at his press conference last week following the FOMC meeting.
That was - by far - the most important statement to come out of the post FOMC press conference last week. Bernanke finally had to admit that he doesn’t have [...]
After six straight weeks of decline, stocks finally managed to post a positive return last week. It wasn’t much and the late week rally resulted from hope that the Europeans would find a way to further the delay the inevitable Greek default that all but the truly delusional know is coming but after six weeks [...]
In the absence of much economic data last week and little that could be interpreted positively, stocks sold off and investors retreated to the comfort of the bear den. Sentiment has eroded rapidly in this slow motion correction but there has yet to be a climactic selling event which normally marks a bottom. The American [...]
Well, that was easy. Apparently all that is required to get a market correction really going is for me to write something even a little bullish. In last week’s update I wondered if I’d been worrying too much about the various problems facing the world economy. After the Memorial Day holiday, the market finally started [...]
