The Second Bullard Rip—–They Do Ring A Bell At The Top

After the Fed’s cowardly capitulation to the Wall Street gamblers last week our clueless monetary politburo got quite the surprise. The post-announcement “rip” lasted all of 90 minutes, and by the market’s close on Friday the S&P 500 was down 3% from Thursday’s algo-driven spasm and 8% from the May highs. That even left my […]
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