Yeah, it’s been OK for me this year. This being said, I’m still hoping for a catalyst for a crash this summer, down to 13500, 14000 or so. Will it be talk of the slowdown of QE, Bernanke stepping down (he’s looked rather yellowish, and he’s skipping Jackson’s Arsehole this year), North Korea blustering and threatening to toss some H-bombs they don’t have around, people waking up that the Euro-peons are circling the drain, or what? Hell, maybe even the sequester cuts will start hitting home. Either way, here’s hoping for some chaos/opportunity/blood running in the streets, and the further things rise, the further they have to fall 🙂
… or perhaps capital flight from Europe to US stocks, since they’re seen as the safest game in town at the moment. It would be interesting to see what would happen if another Cyprus happens and the Eurozone imposes capital controls.
As far as the Fed, their policies seem to be (thankfully) losing effect. Note that the Dow actually dropped another 50+ points (after the initial drop after ADP) after Ben opened his bearded yap-hole on Wednesday.
Though if we find out that Ben isn’t seeking another term for “health reasons”, then it might finally have the desired correcting effect on the markets.
[quote] . . . Will it be talk of the slowdown of QE, Bernanke stepping down (he’s looked rather yellowish, and he’s skipping Jackson’s Arsehole this year) . . .[/quote]
Maybe it’s better for all concerned (including himself) if Helicopter Ben DOES call it a day and step down. There is a nice, peaceful resort he can check into for a few weeks/months to help his get his head straight and it is right close to home:
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