Posted by Leonard Steinberg on September 18th, 2013 This week, five years ago, the global financial crisis reached a fever pitch with the collapse of Lehman Brothers. Today the U.S. Federal Reserve is expected to begin its long retreat from ultra-easy monetary policy by announcing a small reduction in its bond buying, while stressing that interest… [Read More]
EQUITY MARKETS DIP: REMEMBER WE LIVE IN THE ROLLER COASTER ERA.
Over the short term the market looks vulnerable to a correction. The last couple of weeks of bad economic news have been neglected because the bulls are hoping that Ben Bernanke will very soon set the market afire with a new batch of quantitative easing. We have entered a mind set of perverse logic: The weaker the… [Read More]