“Damn the torpedo’s… Full speed” … ahead! I used this somewhat doctored quote from Union Rear Admiral David Farragut to title my final post of 2019. Back in the day (1864) the torpedoes Farragut was damning happened to be contact mines that were easily able to blow a ship out of the water. There were…
Tag: Black Swans
Nothing inspires confidence like an emergency Fed funds rate cut
— During the entire panic on the downside you had to ask ‘are things really that bad out there?’ — One also has to ask how does a cut of 50 basis points on the Fed funds rate positively impact the trajectory the COVID19 epidemic. — Fortunately, the answer may be ‘no’ to bullet number…
Coronavirus continues its reign of terror
— COVID-2019 fears continue to dominate the market. — It is very hard to square the terror that surfaced Friday in bonds and gold with the evidence at hand. — Will coronavirus just be another obsession that falls by the wayside in the secular bull market? The S&P 500 is just 1.7% from a new…