Carry on...
Most importantly a few hawks exit stage right in 2012, and more Yellen and Bernanke types will enter. Also with the 'inflation is easing' commentary they take care of any issues with those who claim there should be a break from even easier money due to potential inflation pressures.
As we await the first Fed meeting in a while that no major policy easing or language change should occur, we bring one of FMMF's favorite grumpy eccentric uncles - Howard Davidowitz. At this point, some of what he is saying is purely for entertainment purposes although there is some underlying reality in much of it.
While I believe in the long term thesis in farming (indeed I said in 2007-2008 farmland would probably be the best long term i.e. decades long, investment) year over year gains of 40% in Nebraska and 31% in Iowa just are not sustainable.
I remember when the first discussions of 24 hour trading gained force in the late 90s thinking to myself "oh no.... won't they ever let us sleep? This is ridiculous."* (then again the stock market was "fun" and "easy" then because we all could become millionaires trading NASDAQ stocks - why not have fun 24 hours a day!)
The 'Battle of the 200 Day's' looked to potentially be resolved mid afternoon yesterday but a stick save late in the session pushed the S&P 500 back over the 200 day exponential moving average. There was essentially a bounce off the 50 day moving average ...
This is an interesting piece by John Waggoner of USA Today, especially on a personal level, as I've been looking at a host of yield producing products to 'barbell' against an equity exposure.
I did not really "get" the happiness Friday, as not much seemed to be resolved other than some language for more unity and to "hold people accountable" for excessive debt in the Eurozone. However, the current treaties are supposed to "hold people accountable" for excessive debt, and hasn't done a darn thing.
Looks like on sheer number of new issues, this is going to be the biggest IPO week since the pre crisis era. Hope it doesn't take away the shine away from (ahem) the most important debut of the week....
1.877.440.ZING (9464)
