Just when you think you’ve made it out, work grabs you below the calf muscles and drags you back in.
I had a late rush of some work that needed doing, so I ducked down and got it done.
I don’t like the way the market is behaving, but my faith in Santa is unwavering. He will come through, just in time to murder the naysayers. Believe.
The Fed is talking down the market to aid Yellen. How can they come out and just say “we’re never going to stop buying these bonds, here, sir”? They cannot; rather, they must pretend.
The healthcare fiasco notwithstanding, there is just some ridiculous nonsense floating around now about 100 million cancellations hitting next year right before the election. No numbers backing that up, of course. I’ve watched the media screw up interpreting this law more than enough times to have zero faith in that prediction.
Between announcing the exchanges were cancelled, or trying to argue that a reporting requirement delay for carved out coverage was universal, it’s clear that reporters have absolutely no idea what is going on. Same as everyone else, mostly. Unfortunately, they just happen to have ready access to a few million people to spread this nonsense to.
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i was starting to wonder if the lights were still on in the 9th floor. glad to read your take on things.