The verdict from traders and the punditry is in: The bungling Washington politicians have merely “kicked the can” and we must all revisit the same problems in 90 days. The prevailing sentiment is extremely negative. The Yahoo Finance polls are not a scientific sample, but they are a reflection of attentive investors. In asking how […]
My Gut Feeling for Today, April 18, 2013 ($$)

The markets came into Wednesday’s session poised to decline. However, ricin laced letters were received in Washington, bomb squads were dispatched in Washington as well and a courthouse was evacuated in Boston. These events just added to the fear that has gripped the nation over the past few days. As a result, the market took […]
My Gut Feeling for Today, September 14, 2012 ($)

The FOMC delivered PIMCO its Christmas and Hanukah presents early when the monetary body announced a new program of mortgage back purchases. Speaking to my contacts at the NY Fed, this was a strong message from the FOMC but was not really QEIII, although the media will be called it such. The $40 billion of […]