Virtually all my stocks from industrials to staples are failing to meet the top line and are desperately firing workers and closing plants to meet the bottom line (which they meet only in 50% cases). Additionally pensions are being cut or are being threatened.
The economy is destined to stay punk for as far as the eye can see...and for good reason too.
Fed will not be able to taper.
I am a strong believer that they will taper in September, irregardless of the economy despite bens comments about it having to do with data. The data does guide well with taper according to fed Evans, who was always a dove. Taper is not priced in btw, things are never priced in completely until they happen.
I agree, Len ... and how the hey are ya? We got back from our vacation in Jamaica a couple of weeks ago, and I am looking into our major trip for next year to Italy .... that is, unless the Fed tapers. LOL.
welcome back ray. missed u in action. have taken my lumps in mreits becoz of loose talk from the fed which incidentally completely missed the great 2008 housing bubble...indeed Greenie and Ben are on tape laughing and sneering at the warnings given in 2007 (thats how smart they r).
Now they have taken a leaf from GWB and r declaring mission accomplished for the economy with consequent taper. But the economy is destined to remain obstinately weak and they won't b able to taper. At least thats my 2c worth.
I predict no tapering of bond buying until after the 2014 mid term elections. The Dim administration need smooth sailing on Wall Street to help insure a Dim super majority in Congress. With a super majority the Dim administration can finish the job.