<<Who is paying Wayne to make such a call, since when do former FOMC officials make public statements like that, it is irresponsible, IMHO.>>
Maybe Uncle Alan asked him to float the rumor so that he could see what kind of reaction he would get. I doubt if he wants to see another one of those 300 point up days like what happened back in January, he would prefer to see steadier, slower climb, I think, to build some confidence, not quite so sharp as what happened in January.
At least, I would prefer that, at any rate. I used the Jan rally to get out of, or at least reduce, a few positions, but I'm still holding enough to be getting a little seasick. The turnips' rally will be most welcome. The fact that I get a nauseous feeling in the pit of my stomach every time I want to buy must mean that it is close.
Sam |
