Michael,<<...in the chaos that is approaching.>>
The other night I was thinking (which isn't good!) how this time around, the possibilities of some global macro event has a better chance of causing the "approaching chaos" rather than some micro stock market event (bad earnings report, lousy 'forward looking' forecast, etc. by a couple of major co's).
Seems to me, with all this faux paper floating around in the markets, the $$ managers, at least for now, are just jumping from one area to the next (rates go up a 1/4 pt., well we'll just jump over to bio-tech, bio-techs slump, well we'll just give tech another shot). I call it the "Index Shuffle". Heck, they have to put all that paper somewhere, eh? |
