Bubba’s Daily Update: The Old ‘Buy The Rumors, Sell The News’ Happens Once Again. “..free money – it doesn’t create jobs, it doesn’t create anything but more debt”  With Todd Horwitz

 

The Old ‘Buy The Rumors, Sell The News’ Happens Once Again.

Markets under pressure. We’re still long across the board. After you’ve had such a run up, you figure for some pull-backs. Either it’s a buying opportunity or the start of a reversal.

The over anticipation of what free money can do is dumb. It can’t be done, it doesn’t create jobs, it doesn’t create anything but more debt.

The Fed remains on target to be one of the worst organisations.

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Financial Markets and Political Commentary
 
 
 

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