He will do it again, he knows there are problems all over yet he will talk as if everything is just great in this goldilocks economy. We may have seen the dow gain 150+ points in 2 days, which im not that really surprised since "were still in a bull market" but I wouldnt be surprised to see the market sell off again this time closing below 12k. That would get the bulls thinking.
The Tuesday Fade
- Thread starter blast19
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He will do it again, he knows there are problems all over yet he will talk as if everything is just great in this goldilocks economy. We may have seen the dow gain 150+ points in 2 days, which im not that really surprised since "were still in a bull market" but I wouldnt be surprised to see the market sell off again this time closing below 12k. That would get the bulls thinking.
I genuinely don't think he wants market runs or drops to be attributable to his statements, S2K.
I think he is still finding his bearings on market responses to what he says.
That doesn't mean your prediction won't come true, of course.
When is the last time anyone heard a Fed chief say "Hey folks, sorry to report the economy is in the dumper?" It's not going to happen. The report, on its surface -- no matter how dismal the findings, will always be phrased to sound up-beat. If there is no rate adjustment announced, then it's what's imagined to be between the lines that the street will react to. And where imagination steps in, rationality exits. The market could go either way. So why not just wait until we see which direction it's going to move and react accordingly?
Of course if we're talking about ex-Fed Chiefs, then "the economy is in the dumper" is fine and dandy.
Of course if we're talking about ex-Fed Chiefs, then "the economy is in the dumper" is fine and dandy.
Kudlow is trying to find a vein on Goldilocks. He's going to need Ben to provide the smack, though.
Ben probably will.