Heck of day, Bernie.
Choose your poison: Technical, Fundamental, Macro-Economic — there’s something for everyone in the recent market action:
Macro-Economic: FOMC minutes reveal the Fed is expecting weaker growth, worse employment, with inflation threatening to become more problematic the same day CrudeOil hits $134.
Fundamental: Funny thing about that Oil: Without it, SPX earnings would be the worst in decades.
Technical: Markets have made up about half of their peak to trough losses, from the October highs to the January/March lows. No coincidence either that the 200 Day moving averages were major resistance.
So what say ye? What is driving this market — and what does this 2 day, 430 point drop mean? Is this a blip, ior something more significant?
What Say Ye?
Malcolm Gladwell on the challenge of hiring in the modern world. From “Stories from the Near Future,” the 2008 New Yorker Conference.
Interesting discussion, classic Gladwell . . .
New Yorker, May 12, 2008