The Dow is 'only' at -384lol --and you sound so pleased! Actually, at 15 min. before closing it's down more than 496--
--back to where it was a week ago. Funny how all the pundits are saying that the current level is proof of a severe down turn proving that stocks are a bad investment, but a couple years ago this same level was way overpriced at an all time high and that too was proof that stocks were a bad investment. Now maybe what they mean is that stocks have gone nowhere for a couple years but that would ignore the 3%/year dividends (a bit better than savings accts or T-bills).
"lol --and you sound so pleased! "
The
only -384 was sarcasm.
The larger point (and fear) is that the central managing banks are now pretty much powerless to further artificially goose the various competing economies, imho. Like I've said before, I want them to succeed for a couple of more decades just for my selfish needs to finish out my life in the relative comfort I feel I've earned by getting up b4 6AM weekdays during my work-a-day career.
There's some feeling that Yellin feels she must raise rates soon to save face! Imagine that, like that's a valid reason - NOT! It's years too late now, Janet.