The equities market has lost 300 points this week and is acting way more civilized than I thought it would in this transition from bull to bear but the big swings may yet show up in the coming weeks. The important thing is that we are finally seeing some sense out of the Wall Street crowd. The market should continue to slowly correct, unless the Fed does or says something stupid, to a point where deflation decreases tangible asset prices to a realistic value. The problem is - when is the last time natural progression proceeded in an orderly manner ? When the government is involved - NEVER. This correction is going to happen now or in the near future, the Fed can't keep the market propped up forever.
Friday, August 1, 2014
A Glimmer of Hope
There is a glimmer of hope on the horizon but before I get into that lets see what Barb has to say about the tiny house project.
Now on to the subject of this blog post. Dr, Ben Carson has named Terry Giles as his campaign manager and set up a PAC to investigate a possible presidential run in 2016. That sounds like he is going to run to me. Now there is a man I could get behind. I was worried that Hillary would run away with the show but with someone like Dr. Carson to run against I don't think she stands a chance.
The equities market has lost 300 points this week and is acting way more civilized than I thought it would in this transition from bull to bear but the big swings may yet show up in the coming weeks. The important thing is that we are finally seeing some sense out of the Wall Street crowd. The market should continue to slowly correct, unless the Fed does or says something stupid, to a point where deflation decreases tangible asset prices to a realistic value. The problem is - when is the last time natural progression proceeded in an orderly manner ? When the government is involved - NEVER. This correction is going to happen now or in the near future, the Fed can't keep the market propped up forever.
The equities market has lost 300 points this week and is acting way more civilized than I thought it would in this transition from bull to bear but the big swings may yet show up in the coming weeks. The important thing is that we are finally seeing some sense out of the Wall Street crowd. The market should continue to slowly correct, unless the Fed does or says something stupid, to a point where deflation decreases tangible asset prices to a realistic value. The problem is - when is the last time natural progression proceeded in an orderly manner ? When the government is involved - NEVER. This correction is going to happen now or in the near future, the Fed can't keep the market propped up forever.
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