Afraid To Taper?

Posted on Friday, September 20th, 2013

Just when I think I’m out – they pull me right back in. – Ben Bernanke We suppose that you know that the above mentioned quote should not be attributed to Ben Bernanke but to one Michael Corleone. The Fed Chairman must have felt this way though as the FOMC decided not to pursue any read more.

Taper Lite on Tap?

Posted on Friday, September 13th, 2013

The old adage of “Sell on Rosh Hashanah, Buy on Yom Kippur” is a little out of sorts this year as the market has risen a little over 1.5% since the dawn of the Jewish New Year. The market is relieved to see no tomahawk missiles flying off US warships in the Mediterranean. The stand-down read more.

Gold, Syria and Which Way Next?

Posted on Friday, August 30th, 2013

Emerging markets hot money is still taking flight. Hot money that was flowing into emerging markets in recent years has now reversed course along with FOMC policy. It conjures up images of 1997 and the Asian Financial crisis. Those hot money flows have also helped lift gold of late. As Americans it is difficult to read more.