pretty powerful move in equity markets, me thinks. but will this out-performance continue?
if you have been reading my past (sometimes cryptic and rich in mystical language) posts, you probably know where my focus lies now. i am no longer fed-focused since i don’t think the fed’s actions have any bearing in the velocity of money. i actually think, my new focus in determining the next directional move in markets is fairly reasoned and simplistic.
while the media has again failed to adapt and capture the reasons for the changing economic circumstances. others, like me, are trying to gauge possible or probable economic outcomes by following the foxy or hedgehog-like actions of these institutions.
to me, they are the strongest players today, not the fed. and again, my belief is that this will become more evident gradually, not instantly…