hang on folks. here we go now that this 'debt ceiling' kabuki is coming to a close. downgrade surely is coming for already done damage from TARP, QE2, etc.
Some say the markets are meerly reactionary. Not true. They also can be forecasters and confidence indicators, and, show a glimpse of what is anticipated in the future. Rumblings of poor job numbers this Friday along with the spike in gold and silver can make for a volatile climate. Remember, the fundamentals are still the same now as they were last week, inspite of that farce of a tug-a-war in Washington. Yet, there could still be a QE3 coming. In the words of POTUS, "everything is on the table".
Some say the markets are meerly reactionary. Not true. They also can be forecasters and confidence indicators, and, show a glimpse of what is anticipated in the future. Rumblings of poor job numbers this Friday along with the spike in gold and silver can make for a volatile climate. Remember, the fundamentals are still the same now as they were last week, inspite of that farce of a tug-a-war in Washington. Yet, there could still be a QE3 coming. In the words of POTUS, "everything is on the table".
ReplyDelete