Considering the immense legislative successes that we’ve seen in the first eight months of the Trump administration, it is not hard to fault Wall Street’s new all-time high price reaction to the introduction of the administration’s New Tax Plan (The Unified Tax Reform framework). Wait a minute … let me see … what exactly were those accomplishments? Okay,…
Tag: Fear and Greed trader
” … Famous Last Words: No More Crises”
“Would I say there will never, ever be another financial crisis?” Federal Reserve Chair Janet Yellen said at a London conference last week. “You know probably that would be going too far, but I do think we’re much safer, and I hope it will not be in our lifetimes, and I don’t believe it will…
The Market’s Gonna Do What The Market’s Gonna Do
Be careful what you wish for! In May of 2015, all the popular averages had tripled off their lows. There was a great clamor among the media and punditry that we needed a correction. A retracement of at least 10% had not happened in 18 months. In August of last year we got the correction, and…