I wanted to share with you some great comments from Jill at Nakedtrader.com. She comes well-credentialed and astute as it relates to market action. I particularly liked the summary and ‘matter-of-fact’ way she explains movements.
In this article, Jill gives us a great synopsis of the recent events unfolding with the ratings downgrade from last Friday. She has a keen eye into Europe, which appears to be the wildcard here in this entire mess. Enjoy this article as we bring you more robust content!
Our leaders are in the habit of treating August weekends as one time of year when nothing can deter them from taking a well earned rest. Their various parliaments are not in session, the newspapers are settled in for the “silly season” of universally vacuous stories, and in any case the public have better things to do than read them.
So why is it that central bankers have broken into their holidays, under great pressure from their own political masters, to indulge in emergency conferences from which, we have been assured, will emerge radical new solutions to the great issues of the day?