| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Bird Doo; Yellen Goes to Congress
Gary Tanashian: ”Yes, this whole mid-year rate hike drama has been one for the record books as far as media obsession is concerned. This chart still begs us to keep perspective on what has already been a Hawk-free picture for 6+ years now. Ooh, they are going to raise the Funds rate by a lousy 1/4 point in June… let’s write about it obsessively and turn it into something.” Continue reading below…
This is only the second best Fed Hawk photo I’ve ever seen.
The best one by far is the un-photoshopped Loretta Mester in all her natural hawkish glory. Note the piercing eyes, the aerodynamic features and the focused intensity. Also I must say, at 56 she has a youthful dynamism about her. If she were Fed chief and told me to jump I’d ask ‘how high?’… or if she told me to print I’d ask ‘how much?’
Okay, moving on; the funny Hawk at the top is going to gulp down a mic in front of Congress and the media are all over it. The lead article in the graphic above would actually turn your friendly blogger into a nice contrary indicator, what with his status among the majority that were bullish on the S&P 500 at the last polling by Tickersense.
Let me tell you what this is… it is a question that comes in each week about the view on the S&P 500. Are you bullish, bearish or neutral over the next 30 days? I just honestly answer the question each week (including more than my share of ‘neutrals’, which always makes me feel wishy washy, but is accurate in that it is probably a stance more people should have on the market as it implies impartiality in not defending a bias).
Well, during what we were calling the ‘swing phase’ (jagged ups and downs in a sideways trend) in January I was neutral for most of the time pending a break of the swing. The swing broke to the upside and what am I gonna write, bearish? The US stock market gave its bullish signals a couple of weeks ago and it is still bullish. It could end today or it could accelerate. The markets decide and we should just interpret.
Back on the Yellen media mucking…
(…)Continue reading the original Market Daily News article: Bird Doo; Yellen Goes to Congress
You are viewing a republication of Market Daily News content. You can find full Market Daily News articles on (www.marketdailynews.com)
Source: http://marketdailynews.com/2015/02/24/bird-doo-yellen-goes-to-congress/
