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- Just to note character change of market...above is a chart of the NYSE Index. Look at the left 3/4's of the chart and then compare it to the right 1/4 of the chart. Recent price action has suddenly become very gappy which is highly unusual for this broad an index and demonstrates the hairpin reversals happening overnight.
- Below SP500 has recently corrected down to the 50ma and bounced. It has continued solidly above the 90ma since DEC 2011.
- Hasn't been much to add lately. Been spending more time with bonds recently.
- Reminder...Operation Twist to end in JUN. Stock market has not performed well after prior QE events shut down. But, this is an election year which usually tends upward.
- So many but(t)s.....
- Above, constitutional law professor??? Really...really? Most 8th graders have a better grasp of teh separation of powers and the reason they exist.
- Below, yes it is true that Obamacare "blows up" Medicare at a faster rate than the Ryan Plan...not to even mention that Medicaid outlays for states are set to absolutely sky-rocket in 2014. How many people think that the states are ready for that. No that people are actually seeing what's in Obamacare, perhaps the Supreme Court will save us from it which would then require Congress to actually make it workable or abandon it
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