Wednesday, June 18, 2014

Obama at 41, Yellen at 35, Stocks at 1950

OK, that title is just a bunch of numbers.  Let me translate:  Obama Doing Crappy in the Polls and Janet Yellen Keeping Money Easy Means Stocks are Up.

Long-time readers know what I think happens to stocks when Obama takes it on the chin in the polls.  Plus, easy money means inflation, eventually.  And stocks are an inflation hedge, over the long run.

So, the combination of the two is yielding the obvious results.  Enjoy it for now.


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