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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (146191)

10/15/2014 11:27:40 AM

From: tejek

Read Replies (1) | Respond to of 149317

First lets get the politics out of the way..........the president's party usually does poorly during midterm elections. So its very likely the Rs will take the Senate.

Secondly, the markets first and foremost are roiled over Ebola and ISIS in that order. Despite the market plunge today my bio stocks, esp the Ebola stocks, are up with the Ebola stocks up big. Ebola and ISIS create huge uncertainty and the markets hate uncertainty.

Thirdly, the EU is still hovering on the border between recession and recovery thanks to conservative voodoo economics. They can't seem to get their collective act together. Reportedly, Russia is in recession do to the sanctions.

Lastly, we normally have major corrections in Sept and Oct. This year most of Sept was fine. So the onslaught is hitting mostly in Oct.

MM, you will never be right because your economics is ruled by ideology. So sorry.

Good Lord, this looks ugly. When do you think Yellen and the famous Keynesian crew will announce QE Infinity? Do you think they'll wait until after the election? If they do, then the GOP takes the Senate and that won't be good for the Keynesian Fed. Yellen is politically savvy, so she may decide to pop the cork on QE Infinity before Nov. 4th to see if she can get her Democratic friends elected. That will give the Keynesians another lease on life to keep printing dollars and keep interest rates at zero to destroy what is left of the savers in this country. This is the best reality show of all time. Keeps me guessing. I really don't know what Yellen will do. But fortunes hang in the balance...just not mine.

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