Ritholtz puts *cough* the question:
...is the Bernanke Put now dead . . . ?
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Wisconsin native, conservative critic of everything. "Once abolish the God, and the government becomes the God." ---G K Chesterton "The only objective of Liberty is Life" --G K Chesterton "Fallacies do not cease to be fallacies because they become fashions" --G K Chesterton "A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
2 comments:
Not sure. Maybe. Ritholtz's previous comment pretty much sums everything up though:
http://www.ritholtz.com/blog/2011/09/look-out-below-post-fomc-version/
We're on our own now. Park your money under your mattress if you haven't already.
What money is not in ammo is tied up in short-term debt.
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