Thursday, July 31, 2014

Try Not to Have Armageddon Without Me

I'm flying today.

Argentina was declared in default by S&P last night after failing to reach an agreement with creditors. As a result, I hear the market looks ready to fall on its face. And gold is down. And Exxon is down despite an earnings beat.  Heck, even though crude oil builds fell more than expected, oil prices are down. Next will be zombies and other signs of the apocalypse I guess.

All this, despite the fact that the Fed maintained its doveish bias. Go figs, as the ancient Greeks would say. Right before they drank a cup of hemlock.

Anyway, I'll be back online later. Try not to have too much fun without me.

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