It would seem that is the case right now. We’ve had some good news in the last couple of days and it was met with a decent selloff today (6/24/14). Now the commentators are falling all over themselves trying to figure out why yesterday’s “flash PMI”: Markit, showing manufacturing expanding at the fastest rate in four…
Tag: charles plosser
Session 109–Fear and Loathing on Wall Street
It never ceases to amaze me how rapidly market sentiment can shift. Last week was a perfect example; from ‘Fear and Loathing’ at the beginning of the week to a “Calm sea and Prosperous Voyage” at weekend (May 23, 2014). Of course, when this happens it is usually the media driving the train, picking news…