FYI: One of the more fascinating aspects of watching finance is the never-ending stream of explanations for the market’s action. Strategists, news media and economists all engage in a series of tortured rationales for what just happened. These tend to be after-the-fact reasons that are too smug, too pat and too late to be useful, let alone satisfying.
Regards,
Ted
http://www.ritholtz.com/blog/2015/03/explaining-the-explainers/print/
