Pelosi is on the tape here effectively pushing out expectations on the Obamerica jobs package to mid-February. She doesn't understand markets and how they move, never mind the impact of expected duration surprises on those of us proactively managing this market’s risk.
Look for any Congressional changes in rhetoric that push out expected Obama inauguration announcements (positive catalysts) to have a dampening effect on the stock market. Everything has a time and a price. We must respect that this market’s “re-flation” has moved too far, too fast.
KM
Look for any Congressional changes in rhetoric that push out expected Obama inauguration announcements (positive catalysts) to have a dampening effect on the stock market. Everything has a time and a price. We must respect that this market’s “re-flation” has moved too far, too fast.
KM
