A Market With No Memory or Conviction

It's not rigged, it only seems that way. I am talking about that now-ridiculous 150-point decline in the last hour on Monday off of worries about Italy, or the big swoon last week over the month-old Fed minutes.

Neither seems to make much sense to me now. The Fed minutes were simply moldy with age, and when we heard from the Fed chief today, it was very clear that nothing had changed whatsoever about his plans to keep buying bonds as necessary. All that sturm und drang and point-loss for nothing....326 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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