They Keep Giving Them Microphones…

By Biiwii

time tunnel

The media keep giving them the Mic, and they keep gulping it down to the tune of dissonant views that keep market participants suspended in a state of to and fro, on a boat listing from side to side, spinning in a Time Tunnel; pick your metaphor, it’s a lot of noise and confusion.

New York’s Dudley calls for cautious approach to lifting rates

Of course he does.  A couple weeks ago Hawks-in-Drag (HiD) hit the circuit and now out pops a Dove after a downer of a day yesterday in the stock market.  Wouldn’t want any sort of consensus for the market to over react to, would we? After all, if we went all Yellen we could be looking at a manic upside extension and the HiD could inspire nasty things like yesterday.

It seems obvious that they think they can massage the market indefinitely with this wax on/off routine.  At some point this market, black boxes, machines, quants, casino patrons, substance abusers and all, is going to shake this off and go where it was going anyway, because… REASONS!!

spx

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