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Archive of entries posted on 19th June 2013

Claire goes to Secaucus. Mr. Bernanke goes to Washington. I prefer Claire.

It’s all about earnings — long-term. It’s all about Bernanke and the Fed — short-term. Mr. Bernanke is printing money and using it to buy $85 billion of bonds every month. When that intention and action is clear, the market is happy and goes up. When it’s not, the market gets squirrely. Today is a […]