JP - re: babson -- stox have not declined on an "event" and I suggested on Friday that more than the Fed was at work
Whatever sparked the lemmings is still unclear to me BUT for Fed purposes next week it should be a sufficient excuse to demur // FX still maintaining ranges in majors and stox may not follow bonds over the cliff -- still best to move towards the door on whiff of smoke before yelling "FIRE"
Mtl JP 20:05:11 GMT - 09/13/2016
nh 19:04 1.18% market moves are no-where near Babson type move.
i.e. ..... zzzz as long as the cnbc crowd councils BOD and is not saying last guy of the studio turn off the lights
Livingston nh 19:04:01 GMT - 09/13/2016
After Yellen made her Jackson Hole comments the combined Equity, FI and Commodity markets waited until the last moment before it pulled the Fed back from the Brink of September Live -- Markets had begun to discount the chance of a hike next week as recent Fed yakkers took issue w/ last month's Troika confidence -- but there was no clear excuse for Yellen to delay so there was a bit of desperation that the Fed might need to follow through
Market turmoil is back in the nick of time
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