My apologies to the French and the late King Louis XV, for slightly reworking a phrase attributed to him, “Apres moi le deluge” (After me the deluge). The king had it right. Within 18 years of his death the French Revolution erupted. A better word for “deluge” might be “cataclysm.” Apres “Brexit” le deluge? Based on…
Tag: Central Banks
Session 101–April is the new May?
Despite the title, session 101 is not about the weather or climate change. It is about that old market saw, “Sell in May and go away”…a reference to a quirky market seasonal pattern showing, on average, a greater propensity for market profits in the winter vs. less profits in the summer months. Mark Hulbert (The…
Session 85–“When will they stop talking about ‘the taper’?”
China is growing. The ‘Dreaded Taper’ is growing. Several emerging market currencies are sinking and the media finally has things to obsess on after a very dull fourth quarter, where most of the popular indices (save the NASDAQ) have made new all-time highs. One of the key points that has developed out of this…
Session 29–Central Banks Can Buy Equities!! You learn something new every day.
I have been around this business for a long time. In my entire career I have never heard of any central bank buying stocks. Now, I did hear some wag on one of the political / entertainment shows a month or two ago asserting that the reason our stock market had done so well was…